Analysis: Can U.S. economy withstand gasoline price curse?


Analysis: Can U.S. economy withstand gasoline price curse?

Reuters

February 23, 2012

Could history repeat itself? That is a question uppermost in the minds of many Americans as they warily watch gasoline prices at the pump rise week after week.

After all, a spike in gasoline prices early last year helped nearly knock the economy back into recession.

The answer, economists say, is that this time is different: the recovery is in far better shape to absorb the blow.

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