< Previous Page
It would also land a hard psychological blow, Kelly says. Jumps in oil and gas prices triggered recessions in 1973 and 1990, and gas prices last peaked months before the financial crisis shook markets in 2008.
Kelly says another spike could lead many Americans to worry that history will repeat itself.
—
Prices on the rise
Utah average Wednesday » $3.28
Yesterday » $3.25
Week ago » 3.12
Month ago » $3.06
Year ago » $3.26
Record high » $4.22 on July 18, 2008
U.S. average Wednesday » $3.73
Yesterday: » $3.72
Week ago » $3.58
Month ago » $3.43
Year ago » $3.38
Record high: » $4.11 on July 17, 2008
 |
Join the Discussion |
 |
Post a Comment |
"Americans have a fuzzy grasp on most economic matters," he says, "but one thing they’re clear on is that high gas prices are a danger sign."
-
Police tracked Josh Powell by plane, wiretapped his phone
Published May 25, 2013 01:44:10PM -
Susan Powell’s father resumes the search this week
Published May 25, 2013 01:28:34PM -
French soldier stabbed in throat outside Paris
Published May 25, 2013 12:30:03PM -
Thousands walk, run final mile of Boston Marathon
Published May 25, 2013 12:22:02PM
Copyright 2013 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
