According to a statement by the U. S. Coast Guard, a film of oil floating on waters of Gulf of Mexico has been discovered, which is being suspected to be due to oil leaking from a 100-ton device, which was deployed by BP after many weeks of the oil spill disaster in 2010.
This could come as bad news especially for President Obama, who could face a massive criticism with average gas prices going up to $4 nationally and already above that in California and American consumers noticing it terrible to watch their hard-earned dollars go down the gas tank like that.
U. S. is known as the world’s biggest crude consumer. This time, an escalation in the growth of its economy was highly expected. But before any such report had come, the prices of oil reached its maximum in last four months. Yes, for the first time in this period, the oil has been traded at highest price.
Americans have affirmed that they are positive about the economy, but the price hike in terms of gas has left them disabled and they need to think before spending.
A recent report has uncovered that he U. S. Federal Reserve’s new program aimed at enhancing and boosting the economy has also resulted in an increase in oil.
The Program was launched on Thursday, which has also caused Brent futures to augment a sixth session. The same includes buying $40 billion of mortgage debt each month or atleast until the time job-outlook improves.
As per a survey being conducted for the motorist group AAA, it has been revealed that the minimum price that has increased per gallon of gasoline is $3.80. The nationwide average was found to be $3.51 per gallon per month and $3.77 last week.
As per reports, it has been revealed the Southern Co. has got green signal from the federal Nuclear Regulatory Commission to build two new nuclear reactors in Georgia. It is great news for nuclear industry as it will be the second nuclear plant which is going to build in the world after Fukushima’s incident.
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