By pouchon on Skatehive
It was not too long ago, the price at the pump were floating around $2.67 a gallon. Lately it is the opposite altogether. Believe or not in South Florida you can easily pay $3.77 a gallon in a fair location. Last night I saw $3.99 a gallon on 87. No need to go 89 or 93. Now you could have wonder, there is no lack of gas in the US since we export it out of he country. oil price is a global market. If you have the oil, you will sell it at the buyer that is willing to pay the most. This is why it is a problem globally. At least there is no worries like 1973 where there is a lack of oil then. The US is well positioned for oil. Due to fracking and Canada, Venezuela, Mexico we have plenty of oil to navigate. The FED will meet this March 18th to lower rates. it sounds this is a no-no due to the high oil price.There is always something looming for this economy. If it is not this, it is that. If that oil price stays above $100+, strange things will happen to this fragile economy. Inflation is t