In the last few months, the price of crude oil in international market has risen for about $6-$7per barrel to almost $125 a barrel because of uncertainties in countries producing oil like Iran. This has caused the speculation that the prices of gasoline will increase from the current $3.53 to $5 in this summer season. Unfortunately for most of the drivers, there is always increase of gas prices during the summer seasons especially at the beginning of Memorial Day.
Globalization of business enterprises began to accelerate in the early 1980s. This was enhanced by improving transportation, technological innovations and improved communication system. Globalized businesses, then, since adopted the use of supply chains to distribute their goods worldwide. This has been accompanied by increased completion in oligopoly sectors that have also improved the quality of goods and services.