Financial Investment Services

•According to the International Energy Agency demand for world oil is dropping sharply.  The I.E.A suggests demand will drop by 2.56 million barrels per day and current price increases are unwarranted.  (read story)

 

Personally, I believe crude oil prices and amounts being charged  at the pump will continue to rise in the short term.  Historically consumers get the shaft during the months of summer and in spite of current economic woes we are currently experiencing, I believe this year will be no different.