Oil High Again!

The price of oil just keeps going up. It seems that the price of oil will not slow down anytime soon. If you already don’t know, oil is up over 25% year to date. Lets not forget because of the high oil prices our food cost will be on the rise. Just our simple basic food, milk, bread and eggs will have a huge rise. In some parts of the U.S. farmers are paying more than $4.25 a gallon for diesel fuel. Farmers aren’t the only ones; trucking companies that move our supplies are paying these high fuel costs as well. I read a report that if these fuel costs continue to rise, trucking companies will fold up. Hopeful things will change soon, but I don’t think so.

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This entry was posted on Thursday, April 24th, 2008 at 4:55 pm and is filed under Economy. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.