Cost of oil rises as demand in China increases
China, the worlds second most largest consumer, rises the price of oil. They put a little over $54 per gallon! But concerns over the state of the economic recovery and the spread of the swine flu continue to hold prices in check. In the summer of 2008, surging demand from countries like China and India affected almost everyone’s pocketbook, with average prices at the pump hitting $4. Now, a lot of people from India are criticising China on this. They are saying things like, ” that is bullish!”
This affects me because then I will know that if the United States gets oil from China, then, the oil prices are going to go up again like last year.
Wow 54$ a gallon that is insane and 4 dollars for gas! But you are right a few weeks ago I wrote an article about the top 5 gas consumers. God job!
how could they make it 54 dollars a gallon, they are just insane. but this barely effects india!
I can see maybe as much as $5 bucks but about $55 dollars a gallon, that is a little over $600 per gallon.
But is it American money or i it like a yin or something?