Oil Prices Are On The Rise Again

It might be time to get yourself a vehicle that gets better gas mileage. After you read the article “Oil prices could put consumers over a barrel” you will see that gas prices are heading in the wrong direction once again….

“High oil prices can dampen economic growth by weighing on consumer spending and business investment.

“The danger is that this latest bout of higher oil prices will last longer and have a more detrimental effect on consumer activity

,” said Nomura Securities Chief Economist David Resler.

“Mortgage rates and long-term rates are certainly much higher than the last time we were flirting with $70 a barrel for oil, and that means we’re not going to get the counterweight from low interest rates to ease some of the burden of energy costs,” Resler said.”

Visit MSNBC at the link above for the whole story.

John BoydAuto Broker – John Boyd “The Cool Car Guy”
John is an automotive consultant with JFR & Associates in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle!

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