Just as the U.S. economy is gathering strength, rising oil prices are endangering the recovery. On the New York Mercantile Exchange last week, oil futures jumped $1.06, to $101.80 a barrel. Many analysts attributed a surprise drop in consumer confidence reported in a University of Michigan study to higher gasoline prices.
Source: AGC SmartBrief e-newsletter for February 16 which included this Associated Press article that was posted in The (Toronto) Globe and Mail.
National Ready Mixed Concrete Association