1. Pumped UP.
- Author
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SMITH, PATRICIA, Cardwell, Diane, Schwartz, Nelson B., Krauss, Clifford, Morgenson, Gretchen, and Tyler, Gabriel
- Subjects
PETROLEUM sales & prices ,CONSUMERS ,TAX cuts ,PETROLEUM production - Abstract
The article examines the decrease in oil prices by 55 percent and its impact on American consumers and the U.S. economy. Topics mentioned include the equivalence of drop in oil prices to tax cut, the amount of money that the typical American household will save in 2015 due to lower gas prices according to the U.S. Energy Information Administration, and an increase in American oil production since 2009.
- Published
- 2015