$4 Gasoline the Issue: Prices Continue to Escalate. Our View: We're Stuck Until Demand Goes Down.
Evansville Courier & Press (2007-Current) › June 13, 2008
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Summary
The amazing aspect of the escalating price of gasoline - it reached the lamentable landmark of $4 a gallon over the weekend - is that it hasn't done more damage to the U.S. economy.
The oil-price shocks of the 1970s and '80s did much worse damage, but today's economy seems much more resilient.See the full content of this document
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$4 Gasoline the Issue: Prices Continue to Escalate. Our View: We're Stuck Until Demand Goes Down.
Not that the news is good. It's just not as bad as it could be. Unemployment rose half a point ...
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