Excerpt:Â Last Thursday oil prices increased $5.50 per barrel in one day. Last Friday marked the biggest single-day surge in oil price history, rocketing $11 more to $138 on the New York Mercantile Exchange. In just two days, oil costs increases 13 percent.
Average Americans are literally driving to the poor house on financial fumes. With gas at more than $4 per gallon, roughly two cars in every household, and the average annual gas usage at 700 gallons, you do the math. Americans are being forced to use their hard-earned money that once put food in their stomachs to now put petroleum into their tanks, but to drive the exact same distances they drove a decade ago for four-to-five times the price.