With the price of oil rising it does not look like we will be getting out of this economic crisis anytime soon. With oil at $100 a barrel and $3.19 a gallon, it could stop consumer spending and business investment. "There is nothing more threatening to our economic prospects than higher oil prices," Moody's Analytics chief economist Mark Zandi. If the gas gets any higher many will have a reason to be nerves. Arizona is being hit hard with the price of gas rising. Arizona relies on tourist to bring in money and with the price of gas rising there will be fewer tourists.
This as to do with government because the economy is down and the government is $175 billion in debt so this is really going to effect the government and us.
It is really frustrating that the price of gas is getting higher. This effects everyone because everyone is driving each day. This is also going to make the economy even harder on everyone.
http://news.yahoo.com/s/nm/20110227/us_nm/us_usa_states_oil;_ylt=ApygpRoqErtmM6wTQGnnTHtvzwcF;_ylu=X3oDMTJpa2psaGw3BGFzc2V0A25tLzIwMTEwMjI3L3VzX3VzYV9zdGF0ZXNfb2lsBGNwb3MDMQRwb3MDMQRzZWMDeW5fdG9wX3N0b3J5BHNsawNyaXNpbmdvaWxwcmk-
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