Investing and Global Finance News

Mid-East Mess Pumps Up the Gas

Again with the crisis in the Middle East; again with the impact this is having on the global economy vis-à-vis oil prices. But apparently all might not be lost.  Today in America, it might actually be worth your while to shop around before you pump up your gas.  Yet the naysayers aren’t convinced.  They are posing the following questions: Can there really be that big of a difference in gas prices around the nation though?  Is it really worth driving around (using gas) to find the best price? Well, you might not need to do that anymore.

Check Online for Good Gas Prices

Since gas prices are seemingly constantly “in flux” these days due to Middle Eastern tensions, it is a good idea to have a website calculate fuel costs for your next trip by using a website specifically designed for this.  On Friday, the national average gasoline price increased to $3.47 which is a particularly escalated price, especially for this time of year.  As well the national average increase is around 20 cents which led an official at AAA Mid-Atlantic to say “The fact that local gas prices are rising less quickly than the national price is small consolation for area motorists. But it serves as yet another indicator of the volatility motorists across the country are experiencing due to unrest in Mideast oil-producing nations and changes in the price of domestic and foreign crude oil.”

Apart from rising gasoline prices, this could have a further domino effect on the entire US economy with a possibility of a staggering 600,000 jobs being at risk “if oil prices continue rising or don’t ease back from current levels.”  So next time you’re about to pump and you see a slight increase in price, put it in perspective of the whole world:  both what those in the Middle East are going through in all aspects of their lives and your fellow US citizens vis-à-vis their job stability.

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