Just heard on Fox News that oil prices here (gasoline) are destabilizing the economy. When you take an essential commodity and raise the price so high that it shifts consumer spending, prohits people from driving and raises the cost of everything that moves on oil, that's what happens! Why doesn't the fed open the oil reserves and flood the market to lower prices? Can that work?We have all these problems impacting our economy and this seems to be the icing on the cake. Possible that the high cost of oil products will be the straw that breaks our back?
No announcement yet.