Will volatile oil prices hurt the economic recovery?

| 3 Comments

The New York Times has an interesting story today looking at the wild swing of gasoline prices and how they impact small businesses and consumers as they try to rebound from economic troubles.

Last summer, oil prices hit a record $145 a barrel, driving gasoline prices to more than $4 a gallon, the NYT points out. Then they tumbled to $33 a barrel in December, but now have more than doubled since the first of the year. That has increased gasoline prices to $2.60 a gallon nationally (and much higher in California).

You can read the Times' story by clicking here.

3 Comments

I'm hoping it stays under $70 barrel until August...if not, I am going to be whacked with a $9 a day surcharge when I cruise on the "Loveboat" in late July...actually I hope it stays down for a long time...Really,I'm not just thinking about me...Really,Really.

Is there really a cruise ship called the "Loveboat"? Really, Really.

There is when Brian's on it.

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This page contains a single entry by Jim Boren published on July 6, 2009 9:01 AM.

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