Posts Tagged ‘Diesel fuel demand’

It has been a few weeks since the last time I wrote.  The past few weeks have been very busy but I am back.

What’s going on in the world economy?  Most people think very little.  However things are getting better.  The trade deficit in the US widen in May.  The cause of this is that the value of the dollar has gone up making US goods less attractive to foreign buyers, the European debt crisis has limited overseas demand, and China’s economy slow down have all contributed to the increased. 

Although the deficit has grown what is important to note is that the business is still picking up.  Exports grew in May with the sales of industrial equipment, business machines, and semiconductors.  Imports rose as well with an increase in cars, pharmaceuticals toys and clothing. 

The shining star is the earnings report from Alcoa Inc.  They have reported an increase in sales to the automotive industry by 8 percent and sales to the truck and trailer manufactures by up to 17 percent.  The business environment continues to get better and the Alcoa news is important.  A few weeks ago I spoke of the world wide increase in demand for diesel fuel.  The increase in sales of aluminum to the truck manufactures indicates an increase in demand for trucks.  Trucks haul the majority of goods in the world and more trucks on the road indicate and greater demand for consumer goods Consumers are coming out from under the bed and are back buying.

The Housing Market in Morris Plains has slowed down for the summer.  35 Homes are for sale.  The absorption rate is about 8 to 9 months.  Things should pick up as we move into the fall when people are back from vacation. 

Interest rates for a 30 year fixed rate loan are around 4.5 to 4.75 percent.  Recently I entered the interest rate market for a 5 year adjustable rate loan.  I have been quoted a rate of 3.5.  Not bad mi amigo.  Low interest rates, contrary to popular opinion, are here to stay for at least another 6 months or so.  There is no inflation and unemployment although high has stabilized.  This news maybe an  indication of an improving  economy at least on the local level three people on my street have found jobs. 

So things are getting better just keep the faith and keep moving forward.  Remember “Be the Shark always swimming always moving “

Thank you for reading my Blog Morris Plains NJ Homes.  Here is the Quote;   Act as if what you do makes a difference. It does. “   William James

Let’s congratulate the class of 2010 from Morristown High School.  Their graduation was the other night.  The highlight of the ceremony was Dan Knapp’s Valedictorian speech.  It was a fantastic speech and brought the whole crowd to it’s feet.  to see it go to You Tube and type in Dan Knapp but here is the link .http://www.youtube.com/watch?v=EI2w-KhMlx4

Let’s give some props to the All Season Garden Club of Morris Plains. The flower boxes on Speedwell Avenue look great. It is just one more thing that makes the town look fantastic.

Summer has here and the recreation activity has started at the Morris Plains Community Park. The swim team at the town pool is gearing up for another great season. The team lost some of it senior swimmers last year but this year they still look good. The team could go 7 and 0 again this. This would be the third year in a row of an undefeated season.

Don’t forget that Morris Plain’s Family Day is this Saturday June 26; the rain date is June 27th. The action starts at 5:30 PM with rides, games, and activities. Please support the civic organizations that will be selling refreshments and food to raise money for their programs. Around 9:30 PM sit back and watch one of the largest fireworks displays in the area

There is some good news on the economic front. US diesel fuel demand is on the rise. According to the Energy Department said that demand for the fuel is up almost 10 percent from this time last year. Demand for diesel fuel is expected to continue to increase as the manufacturing sector of the US continues to recover. Diesel demand and economic growth are intertwined as the economy gains strength diesel fuel the main fuel for the American Trucking Industry increases. Most of American goods move by truck. Industrial output rose 1.2 percent in May.

Manufacturing in the central Atlantic region expanded for the forth straight month in May according to the Richmond Fed’s latest survey. The Bloomberg survey of 67 economists showed that the US economy has expanded this year at the fastest pace since 2004. Things are also picking up in the Midwest. Demand for diesel continues to grow even after the spring planting season comes to an end. Goods arriving in US ports of Los Angeles and San Francisco are up 18 percent for May.

World wide the demand for diesel demand has really picked up as economies in Europe and Asia continue to recover. More and more Diesel fuel is being exported to the Asian and European Markets to satisfy this demand.

Home sales for May were lower then expected but home sales overall with an increase of 19.2 percent over May of 2009.  “On Average we are looking at a moderate advancing trend in home sales” Stephen Stanly of Pierpont Secrurities in Stamford CT.  The time to move on a new home is now.

The proof is that buyers have moved back into the market and already some of the choicest properties have already been grabbed up. If you are looking to sell and moving up into a larger home or are just interested in the Real Estate market in Morris Plains Just give me a call.

Thanks You for reading My Blog Morris Plains Homes NJ.  Here is the quote: People that pay for things never complain.  It’s the guy you give something to that you can’t please.  ~Will Rogers