NewsWhore
03-14-2008, 06:00 PM
International oil prices have reached the all-time high of US$110 per barrel on the NY commodities market and US$106 on the London commodities market. Add to this the slight decrease in the strength of the US dollar (EU1 = US$1.56) and concerns of a recession in the US economy and the economic outlook for many nations, especially those with strong dependencies on the US market, is worrisome. According to a report in the Wall Street Journal, 71% of a total of 51 economists interviewed expect the US to enter a recession. Concerns about high gas prices in the DR are leading some drivers to consider converting their vehicle's fuel systems from gasoline or diesel fuel to propane. The price of a gallon of propane is RD$67 (with the government subsidy) and without the government subsidy the price of a gallon would be around RD$81.
More... (http://www.dr1.com/index.html#7)
More... (http://www.dr1.com/index.html#7)