Payday loans cheaper than missing work
The price tag on a barrel of oil today took a big jump.
If you drive an SUV or other gas-guzzling vehicle, you might want to read up on payday loans in case you need one to fill your tank.
Oil prices rose today shortly after the House of Representatives approved the economic stimulus package. Gas prices also have gone up since yesterday. If you don’t have enough cash to fill your tank, remember that the fees on payday loans are tiny compared to the cost of missing a day of work.
Economic indicators
Though most market researchers say the global demand for crude oil will decrease greatly this year, demand appears to have increased in the United States. Energy analysts believe oil prices and the stimulus plan progress are linked.
“To some extent that may be contributing to some willingness to take on more risk,” said Rachel Ziemba, energy analyst with research firm RGE Monitor.
World market
While barrels of crude are fetching higher prices on the New York Stock Exchange, they are still more valuable in other countries.
The price of Brent crude in London ended trading yesterday at $46.03 a barrel, while oil trading in New York closed at $33.98, according to CNN Money.
The price jump today was the largest rise in a single day since the end of 2008. Last summer oil prices peaked at $147.27 per barrel.
A shaky situation
Brent crude prices fell as investors opted to buy U.S. crude instead. The overall market for crude oil is fundamentally “not very good” said the head of a research trading firm.
The national average for a gallon of gas in the U.S. now is $1.96, and analysts believe that price will continue to climb into the summer, but the market is still fluctuating amid all types of speculation. If you get stuck without any fuel, payday loans might be your ticket to transportation.
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I was shocked when I pulled into my usual gas shop stop. Unleaded gas price rose to $2.05. I mean it’s still a lot smaller compared to what the gas price was back in summer of last year. It was so nice to pay for a gallon of gas under two bucks. However, I knew it was going to find its way back up sooner or later.
Fuel under $2.00’s/ gallon. I wish. Try living in Canada where the fuel is over $3.50/ gallon and our dollar isn’t worth much.
It’s inevitable – I hope no one actually had the idea that the low cost of gasoline had anything to do with some sort of permanent decrease. No, this is temporary, and once the recession starts to recede, the cost is going right back up to the nearly $4 level, and we are going to have to get serious about more hybrid and electric car technology. The only thing in twenty years that should run solely on gasoline is motorcycles.