RetireBy90
Thinks s/he gets paid by the post
CNBC reported a story that gas prices will rise this summer.
So if we see gas continue to $4 or higher, people start cutting down on trips, summer vacations would be affected, probably airlines adding fuel surcharges, etc... So is this enough to stop the growth in the economy, slow as it is already?
Just wondering what others think, WITHOUT BLAMING ANYONE PLEASE.
The Consumer Price Index rose 0.2 percent Friday, but underlying the tame number was a 0.9 percent gain in gasoline prices
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Gasoline prices at the pump hit a national average of $3.52 per gallon this week. That is up 15 cents from a month ago and already 40 cents above last year's level, according to AAA.
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Tom Kloza, analyst and founder of Opisnet, said he expects gasoline to reach an average somewhere between $3.75 and $4.25 when it peaks, in late April or May.
"We're starting to see the $4 number pop up regularly on the west coast," Kloza said.
So if we see gas continue to $4 or higher, people start cutting down on trips, summer vacations would be affected, probably airlines adding fuel surcharges, etc... So is this enough to stop the growth in the economy, slow as it is already?
Just wondering what others think, WITHOUT BLAMING ANYONE PLEASE.