Crash in oil prices will hurt the U.S. economy from Texas to Wall Street
- Written by The Conversation Contributor
Traditionally, low oil prices have been a boost to economic growth in the U.S. The crash in oil prices over the past two years, however, has produced a decidedly mixed picture – with potentially worrying implications for the economy as a whole.
When oil prices fall, consumers spend less on gasoline and have more disposable income to spend on...
Read more: Crash in oil prices will hurt the U.S. economy from Texas to Wall Street