US Gas Prices Now at Historical Tipping Point

Apr 22, 2011 01:02


CNBC
Killer Combo of High Gas, Food Prices at Key Tipping Point


The combination of rising gasoline prices and the steepest increase in the cost of food in a generation is threatening to push the US economy into a recession, according to Craig Johnson, president of Customer Growth Partners.
Johnson looks at the percentage of income consumers are ( Read more... )

food shortages, gasoline, demand destruction, leading indicators, price shocks

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SoCal High Desert nebris April 22 2011, 06:14:15 UTC
$4.18 up here at the LA/Kern County line.

~M~

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Re: SoCal High Desert cieldumort April 22 2011, 19:06:50 UTC
I wonder how many drivers will be stalling out this weekend over the Grapevine trying to cross it on fumes.

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