The gasoline prices which were lower for past 8 weeks is now over and the prices will now move be about same as 2009 peak time. The gas prices dropped to almost 8% when the rates decreased to $2.69/gallon whereas gasoline prices in Europe dropped to 2.30 euros/gallon. After the Gulf oil spill, oil prices are likely to rise rapidly in the coming month of July as predicted by financial analysts. The forecast chart for gold and oil prices have been updated since the uneven market changes occurred.

The stock market gained in the last couple of days as traders are positive about the global economic recovery. A weaker dollar and stronger euro also helps in cutting down oil prices. The market trend will change in a month’s time when euro will get more stronger and benefit those who play hedge against dollars by buying euros. The fuel prices may likely rise in next month causing energy sector to recover and make progressive profits in a shorter span of time. Except for the BP shares, all other shares will increase in the near future but investors have to be cautious about market monopoly and should avoid panic selling. Panic selling have previously caused investors billions of losses. The energy sector of dow jones and ftse have been green signaled for earning maximum profits.