Will Rising Gas Prices Hurt the U.S. Economy?

Filed under: Forecasts, Consumer Experience, Market Matters, Oil

Gas prices are rising and show no signs of coming back down. In fact the predictions are for higher prices to come. At the moment, gasoline averages $3.542 per gallon, according the the AAA motorist group, as reported by CNNMoney.

The highest recorded nationwide price was $4.114 on July 17, 2008. Forecasters are looking for the $4.00 per gallon marker to be hit by this summer.

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Will Rising Gas Prices Hurt the U.S. Economy? originally appeared on BloggingStocks on Sat, 12 Mar 2011 12:50:00 EST. Please see our terms for use of feeds.

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