« House where nobody can be saved | Main | No full stops in India »

May 13, 2004

Gasoline stealing the gas from recovery

From Rob Black -

Economist Irwin Kellner says there is a rule of thumb that every penny per gallon that gasoline prices rise takes $1 billion out of the economy. Since the end of 2001, gasoline prices have jumped by over 80-cents a gallon, effectively negating more than one quarter of the $316 billion in stimulus that was provided by the three Federal tax cuts

May 13, 2004 in Dismal science | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference Gasoline stealing the gas from recovery:


The comments to this entry are closed.