If you feel like you’re paying more to fill up this week, you aren’t imagining it. The conflict in the Middle East has officially hit the "Oil Phase," and the numbers coming off the ticker are starting to look like a crisis. Here is the breakdown of why gas prices are spiking and what the world is doing to stop the bleeding. 1. The $100 Barrier has Shattered For the first time in over three years, oil prices have officially surged past $100 per barrel . At the peak of the panic this week, Brent crude hit nearly $120 , driven by one simple fear: the total closure of the Strait of Hormuz. Because 20% of the world’s oil passes through that one narrow waterway, the moment Iran threatened it, the markets went into a tailspin. 2. Pain at the Pump: By the Numbers This isn't just a "Wall Street" problem; it's a "Main Street" problem. The U.S. Average: Nationwide gas prices have jumped roughly 27 cents in a single week , hitting an average of $3.58 per gal...
iMessage will be out this week on Wednesday. We have already written about what iMessage is and how it works. Well just to recap iMessage is the messaging system that comes along with iOS 5. iPhone users can now send unlimited texts and messages to each other at no extra cost. Works on the lines of BlackBerry's BBM service. With the launch of iMessage, Service providers now have a cause for concern as people signup for texting plans but with iMessage you don't need a texting plan especially if most of you friends use iPhones. iPad and iPod users can also use the service if they upgrade their operating systems to the latest iOS 5. Once upgraded users can then send an unlimited number of texts and messages from their devices.
This is a killer for Verizon which makes $7 billion a year from texting fees. So the waiting is over for iPhone users who have been waiting for this update and can now enjoy unlimited texting for free. 12 Oct, 2011 is the date and make sure your device has been upgraded to iOS 5 to avail the service.
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