I have written previously about gasoline prices - particularly how movement in gasoline prices can foretell a broader inflationary climate.
Locally, the price at the pump has increased roughly 20 cents per gallon in the past week. This is a major increase that bears implications for the economy as a whole, particularly real estate prices.
On the other hand, crude oil prices may have begun a pullback globally.
We do not really know which way oil related prices may go, but whichever way it is, real estate prices should go with them.
Subscribe to:
Post Comments (Atom)
Posts
Nice Blog.We are Private Money Lenders which Gives the private lending community the best inventory of residential and commercial loans to fund or purchase.
ReplyDeleteI agree that crude oil dictates the overall price of the cost of living. In the Philippine Real Estate industry, the prices go up every time crude oil does.
ReplyDelete