With the recession and dragging the economy off slowly finding its way back to a livable way we look at another factor contributing oil.
Oil prices rose on Thursday, bringing the cost to $ 79 a barrel after data were received in growth of U.S. economy In Europe, the delivery of benchmark crude had jumped $ 1.51 to $ 78.97 a barrel in electronic trading in New York Mercantile Exchange. The contract fell $ 2.09 to the price-setting made $ 77.46 Wednesday.
Also in action Wednesday gasoline rose 1.7 million barrels according to the information management of energy, sources of crude oil also rose to 900,000 barrels last week. The sources of crude oil from week have gone to $ 82 per barrel is high for 2009. Dollar backs gained some of their losses from recent months.
The materials are priced in dollars so they become more expensive as making them not intrigue to international investors when rising U.S. currency The euro rose from $ 1.4714 to $ 1.4799 on Thursday while the dollar gained to 91.24 yen from 90.64.
The gas prices are back and have been rising during the past two weeks. The average price for a gallon of gas is less than a penny below the highs reached during the driving season.
The gas prices have fluctuated many times on this recession. At one point they were up as high as $ 5 per gallon in some places while other places run out of gas based on people trying to get cheaper gas. So now not be ninguÌ?? No shock to anyone who are rising again. However, this makes it much harder for those who are unemployed and trying to find a job. In general to find work people had to get out there in the world and find one that costs of gas supply. So if there is one thing to another when it comes to the economy.
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