What is the impact of oil price

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What is the impact of oil prices? This is a common question is often accompanied by people as they fill up with gas and realize that now offer a small fortune of their vehicles. Rising oil prices also hit us in many ways.

The cost of the services at home (heating oil, gas and electricity) are all linked in one way or another on the price of oil. Over the past 12 months the price of oil has more than doubled. This has been the impact on our growing influenceelectricity bills significantly.
As above the increases in gasoline prices is discussed as a direct result of higher oil prices.
Many foods are quickly in price. Much of this is again due to increases in oil prices to increase the costs of production and transportation of food.

The result of all these points is that it has reduced our disposable income. This is money we have left each month after paying all the bills to saydramatically.

How to stop oil erode disposable income

Oil now trades around $ 140 a barrel. Already in 1999 the same barrel of oil would only cost around 12 euros. This is prof that investing in oil is a great investment in recent years. Demand should increase with the world, thanks to the boom in BRIC countries (BRIC = Brazil, Russia, India and China), the oil looks like it might be expected to continue to increase in value for theFuture.