As the summer driving season shifts into high gear, consumers are well aware of gasoline prices and the impact the price will have on their summer travels. Although gasoline makes up 90% of the gallons we purchase for our vehicles, the product that makes up the additional 10% (Ethanol) can have a big impact on the price we pay.
Did you know that April is National Distracted Driver Awareness month? Every day at least nine Americans die and 100 are injured in crashes caused by distracted driving. Many things are to blame; cell phones, touch screens, the environment and technology all pose a threat to our safety while on the road. Distracted Driver Awareness month is in an effort to recognize all the dangers our truckers face on a day-to-day basis.
Growing up with four brothers who always had to have the newest and latest in automobiles, one of them came home with the coolest car ever! An Oldsmobile ninety-eight, diesel, black, moon roof, four doors, loaded. You name it, it had it. Boy did I think I was “it” when I trolled my neighborhood. Everyone’s head turned to see who was driving this black beauty. Were those head turns because they thought I couldn’t handle the car, or were they trying to make sure they weren’t going to inhale what was spewing from the tail pipe?
Oil well drilling in the United States has increased dramatically in the last five years. The increase in drilling activity has had a direct impact on petroleum pricing. Rig counts are an indicator for the potential supply picture of the oil and gas industry. A sharp increase in the number of drilling rigs domestically, would potentially affect the direction of product prices. The industry tends to speculate the greater number of active drilling rigs, the lower the price.