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Originally posted by Tentickles
Gasoline At $3 A Gallon Could Kill Consumers
(visit the link for the full news article)
Although most analysts expect we will not return to last summer's record-setting high levels, it seems gas prices will climb higher before they pull back. Crude oil is hitting six-month highs and much of the summer driving season still lies ahead.
But it may not take a return to last summer's $5 a gallon gas prices to destroy consumer demand, according to Global Hunter Securities Consumer Strategist Richard Hastings.