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Diesel Fuel Prices & Trucking Industry

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Nancy M

 

Date added:

May 6, 2016

 

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Grade:

B

 

No of pages / words:

6 / 1652

 

Was viewed:

6450 times

 

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Essay content:

What is the reason for this? Simply stated, OPEC knows that they have the United States under their control in terms of what price they want to sell crude oil to us at, and how much they want to ship. With the present economic prosperity in the U.S., it didn't take long for OPEC to seize the opportunity to make more money by cutting production of crude oil, and thus forcing consumers to pay more for fuel...
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With the present economic prosperity in the U.S., it didn't take long for OPEC to seize the opportunity to make more money by cutting production of crude oil, and thus forcing consumers to pay more for fuel. Just how much higher are prices you ask? "Crude-oil prices in early March hit $34 a barrel, while a year earlier it was selling for $12 a barrel, which is nearly a 75% price increase since last year...
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