The drop in gasoline prices is over again for now. Both the Lundberg and AAA Fuel Gauge show that the price of a gallon of regular has moved higher recently. Lundberg reports it at $3.50, up nine cents in two weeks. Fortunately for the economy, the number is well below the nearly $4 price reached in early spring. It is not certain that high gas prices hurt the economy or that lower ones have helped much.
Economists have had trouble coupling the price of gas with gross domestic product or consumer spending. When gas prices were high, GDP and employment were improving. Now that prices have fallen, so has job creation and GDP improvement. It is tempting to try to pair prices with growth, but the link may not even be a coincidence.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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