Experts See Danger in Rising Oil Prices

Once again the price per barrel of oil is going up. While the effects of the previous price increase had relatively mild effects on the economy, analysts believe this time serious financial consequences will occur for consumers and businesses. Because it seems these prices are not going to change, there will most likely be changes in driving habits and behavior. Also, because the price of oil is being increased again, and has been sustained for a period of time now, discretionary spending should decline, hurting the economy.