Latest News to Affect Shopping

For the second time this week, and it has been a short one, oil has topped $100 a barrel. What does this mean?

It means that gas will cost more for your car ($4! is on the horizon) and is you use gas anywhere in your home it will cost more to use it. In the long run what will it mean? Well, if it costs more to put gas into a truck than it costs more to get your essential food items to your grocery stores. Food prices will rise. The combination of expensive fuel and rising food costs leaves less disposable income for you to enjoy on that new handbag or outfit.

Why is oil getting so expensive. We have been told by the 'experts' that there is higher demand because China (and other developing nations) is using more oil.

It must be noted that in comparison to the US economy of past years, that is adjusting for inflation, oil is at or near the prices of the early 1980s. At that time oil traded in the high $30-a-barrel range, the equivalent of between $92 and around $103 a barrel in current prices, depending on the contract cited and the inflation calculation used.