why is decreasing gas price a bad sign for the economy?
In: Economics
Because the US is an oil producing nation. Whether you like to admit it or not everyone here as benefited from the fracking boom. Petroleum and natural gas producers will only be employed as long as the fuel they produce is profitable. It is not profitable for them to produce anymore and they will soon be unemployed. Secondly, it signifies a lowering in demand of oil which is usually correlated to production of goods.
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