This week gas prices across the nation were above $3 per gallon. We haven’t seen this since mid December of 2011. The average for a gallon of gas is more than it was a year ago. There is two ways to look at this. Paying only a few more cents than last year is not bad. However, gas at these prices is still ridiculous with the surplus of oil that is out there. These Big oil companies own us and are laughing all the way to the bank.
Just like everything that runs an economy, supply and demand are playing a big part. The consumers aren’t demanding as much so the suppliers aren’t supplying the surplus which lowers prices. All they are doing is cutting costs. They save millions, which cost everyone else billions.
Gold is another arena taking center stage again with all the Greek debt talks. It seems to be a never ending battle with Greece. Gold was down about .11% today running at $1731.55 an oz. Those guys on Gold Rush must still be happy. They may have their struggles, but at these prices it only takes so much.
Stocks closed flat today and it should see some wild rides coming soon. There is no set date on resolving this news. It just takes time to work things out. In the meantime you should be trading Binaries at Banc De Binary. There are so many options to chose from, but why not go with the best.
Keep an eye out for news releases tomorrow and Friday. Market volatility could get more wide spread. We just hope for an end to this euro debt crisis. To be honest it looks to be a whole lot bigger than it appears.