Consumers are taking a wild ride of late, from peering over the fiscal cliff to skidding on an...


Consumers are taking a wild ride of late, from peering over the fiscal cliff to skidding on an oil slick. The biggest weekly gasoline price gain in nearly two years comes on top of rising payroll taxes and income taxes, adding another negative risk to the consumer outlook. Moody's Mark Zandi says the combo could cost consumers an extra $10B in Q1, nearly half a percentage point of the U.S. GDP.

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  • Hendershott
    , contributor
    Comments (1758) | Send Message
     
    EIA statistics, near record crude inventories, near record low gasoline sales. ?
    6 Feb 2013, 09:17 PM Reply Like
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