Weekly Jobless Claims Fall, Now Why Won't Gasoline?
As reported recently by Bloomberg, jobless claims have plummeted towards figures slightly lower than predicted, the international sign of supposedly rising employment availability. Amidst the economical bruhaha, however, are gas prices, which refuse to trend downward for whatever clandestine reasons our economists choose to give the general public. Whereas many people speculate that the current downtrodden economic status will turn around, fewer people remain hopeful that OPEC will give Americans the break they deserve at the pump.
For the week ending August 4th, jobless claims dipped to 361,000, beating expected reports by nearly 9,000 claims. During the same week, gasoline prices shot up nearly $.45 on average, signifying somebody doesn't want the American standard of living improving...who could that be? No matter what the reason may be, driving 30 miles to work is becoming a daunting task when companies are finding it hard to produce the money needed for those deserving raises. The rise in prices has spurned the working individual to take their work home.
Fuel-efficient vehicles tend to drastically lower the amount of gasoline used, yet still remain out of financial reach for commuting professionals, factory workers and even some health care staff. When jobless claims fell in economic reports, somebody forgot to send relief to these newly hired workers so commuting to work became slightly easier. For this reason, the World Wide Web has become the pinnacle of self or remote employment, saving on gasoline, the only hope some families may have in surviving another month.
From a bureaucratic standpoint, making money on rising oil stocks seems plausible, perhaps even fun when tapping into the greedy bone which resides inside us all. Taking into account that millions of Americans are suffering from foreclosed homes, displacement in work and even lacking food, you'd think these oil prices would stabilize somewhere comfortably between affordable and profitable. Or perhaps we'd consider extracting oil from Alaska, finally, and setting our own pricing guidelines for crude oil.
No matter what the economic situations or their ensuing circumstances become in our future, the only thing that will remain consistent is that either jobs will become remote, companies will falter due to expensive operation costs, or somebody will finally get wise and lower the cost of oil so more Americans can afford to fuel their automobiles - cars which may be older than the Internet but remain a family necessity due to lack of new car affordability.