The Real Estate Sector is a huge drag on our economy, but then again so are the high oil prices, as high fuel costs act like an additional tax on everything you buy or any service you partake in. High gasoline prices affect families and our citizens at a real personal level. Now the Department of Energy research shows that we might be looking at $3.50 per gallon gasoline by Spring and Chicago commodity traders agree.
With home mortgage credit tight and credit card companies tightening and at least one going public at the before the credit card crash to match the subprime lending crisis, one has to wonder if all the doom and gloom predictions for a tough year in 2008 are right on the money. Of course, there are several events that will be taking place the will determine if the gasoline average prices jumps about $3.50 per gallon, as oil looks like it is moving back towards $100 a barrel.

An OPEC meeting is coming up and commodity Traders believe there will be more supply issues, as OPEC moves to cut production. Meanwhile, we have some political rhetoric coming from Venezuelan President Hugo Chavez, as he makes threats if the US interferes with Cuba, he will move to cut the US off from his oil. Indeed, the most troubling comments came from the Department of Energy recently predicting a $3.40 per gallon average price by Spring, but by end of year back under $3.00 per gallon.
Now then, we have the auto sector having problems, banking sector, real estate sector, retail sector and small businesses not expanding, while simultaneously strapping consumers with credit tightening, fuel costs and potential lay-offs. There are many troubling economic indicators that are all hitting us at once, this might be a good time to play it safe.
More information on the Flow of Fuel: http://activerain.com/blogsview/392696/The-Flow-of-Fuel