More evidence gas prices having negative impact on inflation, ecomony

“For only the second time ever, gasoline is averaging $3 a gallon at pumps nationwide. And while prices in San Antonio were well below that benchmark Thursday — averaging $2.84 a gallon — at least one local station owner believes $3 gas will soon be here. ‘It’s going to get higher,’ said David Ezell…”

Link to Express-News latest gas price article here.

Washington Times:
“Economic growth fell by more than half to a 2.5 percent annual rate in the spring quarter as a surge in fuel prices to record highs helped precipitate a sharp downshift in spending by consumers and businesses and stoked the highest inflation in more than a decade.”

Link to Washington Times economic indicators article here.