Dr. Tom Okure's Blog – March 2011 Archive (2)

Small Businesses in the USA and the Impact of Rising Oil Prices

As oil prices rise sharply, so are the prices of everything that we consume and depend on including the price of basic food products in grocery stores, the price of gasoline to fuel our automobiles, the price of travel tickets for airlines and bus fares, the price of eating out in restaurants etc. The price of crude oil has increased more than 20 percent since the beginning of 2011, rising from about $90 per barrel of Brent crude, the benchmark for the industry to over $110. We have not…


Added by Dr. Tom Okure on March 14, 2011 at 9:08pm — 1 Comment

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