Maybe this potential threat to the U.S. economy isn't getting quite the love it deserves because we've got enough to worry about already (housing, capex, stellar GDP growth). But gasoline prices have risen steeply in recent months, and may be poised to go higher. From the Wall Street Journal:
Steve Hargreaves at CNN/Money has another story about the chances that gasoline will hit $4 a gallon this summer. Bloomberg had a similar story earlier this week.
Hargreaves cites shrinking gasoline inventories, still-rising gas demand and shrinking refinery utilization – in plain English, refineries just aren’t making as much gasoline — as reasons gas is already nearly $3 a gallon, on average, in the U.S.
Do we really need it to be harder to get to those open houses?
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