Lower Gas Prices Not Enough to Lift US Economy: Are Gas Prices Still Too High?
Fef 2012/06/25 23:02:24
Gas prices have fallen in the past few weeks, but the prices still hover around the average from the beginning of the recession four years ago.
Cheaper gas has yet to cause consumers to spend enough on other goods to boost the slumping economy.
Americans barely increased their spending at retail businesses this spring, leading economists to predict slower economic growth in the April-June quarter.
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