Gas and oil prices continued to sell down on worry that the problems of Europe could spread across the world and tip many nations back into recession. The trouble in Europe has also put a cap on oil use there. Oil was off another eight cents and dropped to $92.27, near a multi-month low.
The average price of a gallon of regular gasoline dropped again yesterday according to the AAA Fuel Gauge. The level fell to $3.713, down from $3.899 a month ago and $3.926 a year ago. The dip may cause an uptick in travel among Americans this summer. This by itself will tend to simulate the economy as people spend money on vacations, even if they are modest ones.
Douglas A. McIntyre
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
