If you care to know, some power plants in Virginia still utilize the oil and/or coal to generate power from turbines and when oil prices go up in the world market, power companies would follow raising their rates to keep pace. Here is another impending unfavorable scenario that might stir the prices of oil anew:
The Automobile Association of America (AAA) said Tuesday that turmoil in Iraq could interrupt a price-dropping trend involving gas prices in the United States.
Typically, the cost of regular fuel comes down during the month of June. For the past three years, the national average dropped about 20 cents per gallon during that month.
“What’s going on as far as the world market is concerned, what’s going on Iraq will make — possibly make — a difference. How OPEC reacts to that may make a difference, whether military involvement happens,” said Georjeane Blumling with AAA Tidewater Virginia, listing some of the elements that could influence prices heading into summer.
Any indication of increase in the price of crude oil not only worries all the car owners out there, but it can also distress the budget-conscious homeowners who are always on the on the watch for their monthly electric consumption.
The key to not spending too much on energy or on fuel costs is by adapting efficiency measures. For example, to save up on gas, you can opt to walk or bike if your destination is just a short distance away. Same thing at your home, you may invest in getting energy-efficient fixtures and appliances. Your exteriors also play a great deal in having an energy-efficient home, especially your roof.
Do you know that a damaged roof can cause for the energy of your house utilities to spill out, especially in the summer? It wastes energy by allowing cool air to escape and letting in more heat, which leads to increased demand for air conditioning and depressingly high electric bills every end of the month. That’s why it is important to seek the guidance of professional roofing contractors in Newport News VA.
The Roofing & Remodeling Company recommends the use of materials like slate because of its ability to insulate and its known durability. Know that you have options for energy-efficient products for your Newport News roofing.
(Article Excerpt from Turmoil in Iraq could affect bottom line for drivers, wvec.com, June 18, 2014)