Yesterday's "Tube Talk" e-newsletter discussed rising gas prices and the effect the increase is having on small businesses. More than 64 percent of small business owners polled on DollarDays.com said revenue is down as a result of increased gas prices, and more than a quarter said they will have to lay off employees as a result. (more...)
Posts Tagged ‘gasoline’
Days of rage at the pump, in Libya, and in Saudi Arabia
March 9th, 2011
By: Eric Lundin
By: Eric Lundin
Judging by the political developments in Libya and the current price of petroleum, you’d think that Libya was some sort of heavyweight exporter. Last fall West Texas Intermediate (WTI) crude oil was trading at less than $85 per barrel on the spot market. Protests in Libya started in February, and WTI reached $99 per barrel in early March. Granted, Libya isn’t the only country in the region recently shaken by a political disturbance. Protests in Tunisia in December spread to Egypt in January, then Libya in February.
Still, they’re lightweights. (more...)
