Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, February 21, 2012

Will Oil Prices Cause a Double Dip?

Will Oil Prices Cause a Double Dip?

Josiah Neeley, Daily Caller
Just when the good economic news of the last few months was beginning to sink in, the nation’s newspapers are full of headlines about rising gas prices. Gasoline prices are already up 8 percent this year. Oil rose to $103.24 a barrel Monday on news of increased tensions in Iran, up from a low of $76.29 last October. And many expect prices will continue to rise as we head into the summer months.There are obvious downsides to higher gas prices. Rising fuel costs hurt businesses that rely on transport (which is most of them). And the more money people pour into their gas tanks,...

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