The most obvious impact would likely be at the gas pump and higher gasoline prices tend to fuel broader inflation. According to the U.S. government’s latest report, consumer prices for energy commodities fell by 8.5%. This was a 19.5% decrease from November of last year. Sales accelerated 6.1% compared with November last year, representing the biggest year-over-year gain since June 2021.
This translates to an 3.8-month inventory at the current rate of sales. This is down from the 4.2 month pace at the close of October last. But it is up from the pace at which the 3.5 month supply was attained in November. In the past, an average of 5 to 6 months' supply has been considered a balance market between buyers & sellers. Home sales last month may reflect contracts signed in September or October, when mortgage rate were more attractive.
Results vary depending on the individual factors like metabolism, activity levels, and adherence. I weighed my heaviest 218 pounds and no matter what diets or exercise programs I tried, I never saw any real results. Canada produces mostly heavier crude oil. The U.S. mainly produces lighter, sweeter crude oil. This is easier to refinance. But the U.S. refining industry is geared to heavier crude oil, because it has had to import that type in the past. Because it is harder to refine, heavier crude is cheaper to purchase. Canadian oil is the main source of oil imports to the U.S. despite the oil boom that has occurred in the U.S. over the past decade.
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