Gasoline and diesel prices are soaring



Gas prices are up six cents in one week and fifty one cents in the past year!. Diesel prices are going up even faster Diesel prices are 10 cents higher than last week and $1.18 higher than a year ago.

Truckers were going to stage a slowdown a week or so ago to protest the way increased fuel costs are cutting into profits. Other than isolated incidents of truckers deliberately driving slow and blocking traffic nothing happened. Slowing down traffic on major arteries and freeways is not going to win sympathy and it is not going to change market dynamics either. In the end, truckers had loads to deliver and they delivered them. If they failed to do so, it might be the last load they would get. Who wants to do business with an unreliable trucker?

America's Demand On Gas Consumption Decreases

In a sign of economic stress, gasoline usage is declining for the first time in decades. Does it seem like there are fewer cars on the highway this year? Well your observations are backed by the facts. Gasoline demand has been gradually declining for the last half a year or so. So the logical question becomes : If U.S. consumption is down why are prices rising? Here are the answers.

?The decline in value of the US dollar

?Global demand is still rising

?Concerns about Peak Oil

?Speculation

These will be covered in greater details in forthcoming articles. But as always I need to stress the most important fact of all? that you do not have to be the effect of any of this!

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