Established financial services company provides fast business cash advance through a merchant cash advance (MCA) for small businesses and gig workers, including contractors and other 1099 workers with credit challenges. The company offers a simple MCA solution that requires no credit check and provides fast financing to help businesses grow and thrive.
OPEC and its allies recently announced a surprise move to slash oil production, which will impact US gas prices in the near future. The decision by OPEC+ to cut oil production by over 1.6 million barrels a day beginning in May through the end of the year led to a 6% increase in both Brent crude futures, the global oil benchmark, and WTI, the US benchmark.
The reduction in oil production is expected to impact gasoline futures, resulting in an increase in prices that will be quickly reflected at US gas pumps. The most closely watched wholesale gasoline price, RBOB, rose by about 8 cents a gallon in morning trading, signaling higher prices for US drivers.
With the potential for gas prices to reach $3.80 to $3.90 due to OPEC’s decision, businesses and gig workers can benefit from a fast MCA to help cover the increased costs. The national average for US gas prices currently stands at $3.51, with the possibility of further increases in the coming months.
Despite the rise in gas prices, the company’s easy MCA solutions offer small businesses and gig workers a reliable source of fast financing. By providing a business cash advance without the need for a credit check, the company enables businesses to access the funds they need to navigate price fluctuations and other financial challenges.
As OPEC+ implements its oil production cuts, US drivers may see gas prices climb above year-earlier levels. However, with additional releases from the US Strategic Petroleum Reserve and increased domestic oil production, the impact of the production cut can be mitigated.
For businesses and gig workers looking to secure fast financing in the face of rising gas prices, a merchant cash advance from an established financial services company can provide the support needed to navigate economic uncertainties and fuel growth.