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