Current crude oil prices(1)

Current crude oil prices have hit record highs in the past several years.

Oil prices remain high, placing a financial burden on businesses and consumers alike.

Manufacturing, transportation, service industries, and even farms depend on low crude oil prices to make a profit.

The currently higher crude oil prices cut into those profits, forcing companies to cut costs elsewhere.

These cost cuts might be in production levels, personnel layoffs, or seeking cheaper crude oil based raw materials.

Unfortunately, most businesses are suffering from the current high crude oil prices.

These extra costs are often passed on to the consumers.


By Big Mike