Friday, March 7, 2008

Not so dangerous increasing of petrol price

Petrol price
The price of petrol passed the psychological border of 100 USD per barel, and the European investors are overloaded with problems of capital markets. They still don;t feel more serious pressure from that. Harder searching of goods from developing markets, expenssive EUR and lower meaning of the petrol crude oil from the European countries, is restricting the effect from the record price, commented Reuters.
The petrol reached the top level ever, with the price of 105$ per barel immidiately after the rejection of OPEC to increase the daily productional rates in Wednesday, which is almost 5% more expensive from the beginning of the year. For 2007 the petrol got nearly 57% to its price. The middle price of the petrol this year will be nearly 90$ per barel, while for 2007 it was 72.30$ per barel.
All this should bring to terrible pressure over some industrial groups, from heavy chemistry to producers of building materials. Worst thing will be if the more expenssive petrol may bring to taking away from the users from the market, and we know that the expenses of homes in USA are resposible for more than 70% of growing of gross Domestic Product of USA.

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