It’s Memorial Day!! A day to remember all of the people that have serviced this great country! Do we still look at it that way? Or do we look at it as a day off from work. Today, I did one of the American traditions on this day and went to the local parade. Not just any parade but the Doylestown Town parade. I live it Doylestown and it’s a really great place to live. Think of Mayberry with a couple of extra dollars in the pockets of the people that live there. Go to Google and you can see it’s a really nice place.
So have you heard. The economy is better, therefore fuel prices are going higher. Oil rose to a fresh six month high above $60 a barrel on Tuesday as unrest in key producer Nigeria and a U.S. refinery outage kindled concerns over oil fundamentals after weeks of equity-led rallies.
If you have any doubts about the future direction of fuel prices, pay attention to what’s happening today.
I am all for an economic turn around. It can’t happen fast enough for any of us but are we going against false hopes at least in fuel?
We start this week with Fuel prices from crude oil up about 8% since last Monday. We all expected that to happen did we? I mean last weeks financial news and news in general was wonderful.