http://www.channelnewsasia.com/stories/afp_world_business/view/1101807/1/.html

Oil prices fall, cold weather limits losses
Posted: 30 December 2010 0445 hrs

The oil prices are increasing when the extreme cold in the northern hemisphere persists. On wednesday, the US northeast region dug out ''Snowpocalypse'', causing chaos as hundreds of flights were canceled. Due to the face of brisk demand and end-of-year inventory adjustments by refiners, US reserves dropped by 15 million barrels in the first half of December.

I feel that they shouldnt keep increasing the oil prices, causing to own a car even more expensive as the petrol prices is increasing too. It makes the citizen to have a higher expenses which many people are unable to afford a car. I know that this is due to the cold weather that increases the oil of petrols. So i can only wish that the cold weather will not persist and less oils will be needed hence will decrease the price of oil. This will allows the citizens to have more spending power and boost the country's economy.