WEST LAFAYETTE, Ind. (WLFI) - On Monday the United States talked about the possibility of a military strike after hearing the news Syrian President Bashar al-Assad allegedly used chemical weapons on civilians.
Since Monday the Dow Jones has fallen 1.6 percent.
Purdue Finance Professor John McConnell said in three weeks the market has fallen more than five percent.
"That decline represents roughly two years of savings a person could earn over a two year period," McConnell said "Keeping in mind this loss has occurred over a three week period."
McConnell said it's hardly ever clear what causes changes in the market. He said some financial experts are considering the US's response to Syria to be the cause.
"Some people have thought and concluded that it is this weak response that has given rise to a loss of confidence in investors," McConnell said.
Although there is still some uncertainty on what the stock markets will do and what the United States' response will be, there is some certainty at the pump. Gas prices will go up.
"Crude oil today, brent crude is $115, West Texas crude is $110," Purdue Economist Wally Tyner said. "That's $15 higher than they were two weeks ago."
Although it's not completely clear what caused the market change, Tyner said the gas price hike is directly related to the unrest in the Middle East.
"Syria has very large reserves," Tyner said. "At normal times it is a large oil producer. It's a big source of revenue for them. The indications we have now is that the uncertainties are going to stay there for a while, and that means the prices are going to stay up, and that means it will get to the pump."
Tyner expects gas prices to be more than 3 dollars and 75 cents a gallon soon.
Indiana Governor Mike Pence (R) proposed a pre-K voucher program as part of his 2014 agenda. The program would give underprivileged children access to pre-K programs.
Several generations gathered Saturday to remember a day that will live in infamy. The day marked 72 years since the attack on Pearl Harbor.
Almost Home is holding an open house with special adoption deals.