In this week’s episode of the Periodical Podcast, your hosts Kevin and Tavis highlight that global oil demand is returning and with it, higher oil prices. Unfortunately for consumers, higher oil prices mean higher prices at the pump in addition to increased costs of many manufactured goods. As prices rise, associated production costs will be passed through to consumers rather than kept at the bottom line of operators or refineries which will be better for investors and the remaining companies in the industry at the expense of people consuming the final products produced.
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