Can you believe it made the news

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While all oil-producing nations are suffering as oil prices collapse, the hardest hit nation is Venezuela.

It's getting crushed as oil prices collapse since oil accounts for 95% of export earnings, 45% of budget revenues and 12% of GDP.

If oil prices don't rebound soon, Venezuela will default on its $35 billion in foreign debt, unless Beijing continues lending Venezuela more money on top of the $50 billion already lent.    

And while we’re on the topic, the other day gas prices were in the news because they went up Two cents. Can you believe it a two cent increase made the news? 

Later in the morning I go for coffee and see that a majority of the local gas stations went up between .20 cents and as much as .26 cents. Only two of the 10 I passed went up just .07 cents.

So why is it that when gas goes down it goes down slowly a penny or two at a time but when it goes up, holly Price Increase Batman!!! Gas increases a dime or two or more at a clip. The news stated, a “Two Cent Increase”, yea where? Maybe it is two cents per ounce.   

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Paul Antonelli

REALTOR Professional

Broker / Owner  of  Antonelli Realty

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Cell; 321-443-4028    Email; Info@PaulAntonelli.com

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