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News Link • Energy

$4-a-gallon gas fueling fears for recovery

• Washington Post
[every April] Gasoline prices are soaring toward $4 a gallon, a threshold that some analysts say will damage the fragile economic recovery and crimp consumer spending just as families are planning their summer vacations.
Higher prices saddle businesses with higher transportation costs, causing them to either swallow them or pass them along to already strapped customers. As gasoline costs go up, consumers are left with less money to spend elsewhere. And there is evidence that the hike at the pump is beginning to push drivers off the road.

1 Comments in Response to

Comment by Whitney Noel
Entered on:

 Good morning from the cradle of Facism, New Orleans. We have plenty of oil right here in America, but the enviromental movement has gained such power asw to deny Americans access to cheap domestic energy supplies. Until that problem and ending the Fed are addressed I guess we will continue to pay high prices for gasoline.

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