The impact of China is increasing

(left-click to enlarge)
We all knew China would increase their demands for oil.

As the USA is doing, so now is China - stockpiling (hoarding?) oil at lower prices ... which helps drive up the price.

If you check my May 30th item, it indicated $77/barrel in one year. This has now increased to $81 and it won't stop there.

Get ready for increased gas and air flight prices ... coming soon!

p.s. It may be time for a hybrid, if considering a new car.