Oil has come off its high near $140 just a few months ago and closed today at $88 a barrel. Millions of Americans are still struggling to pay for gas despite oil's recent tumble. There is a lot of pain in the economy, and people are still feeling it at gas stations such as BP, Shell, Mobil and even convenience stores like 7-eleven.
Helping oil's plummet along has been the recent fear and panic in the U.S. economy, and even the global economy. For the most part, demand has fallen, and because the economy looks to worsen in the near future, traders are betting that demand for oil will fall even lower, raising the supplies and making oil cheaper.
All over the country, millions of people are feeling the effects of the economy and are desperately searching for ways to lower their bills. With the car payment typically the second largest monthly bill for a household, many people are now utilizing LeaseTrader.com as a way to escape their expensive lease and downsize into something less expensive. Here is a video clip where LeaseTrader.com talks about a recent trend among its users:
Print | posted on Tuesday, June 17, 2008 9:51 AM