US Economy Can Likely Weather Russia Crisis Shock But Democrats Face Peril

If oil prices stay near $ 120 a barrel for the rest of the year, then gasoline prices would likely average $ 4.40 a gallon, for an increase of $ 1.40, according to Oxford Economics. That would represent an additional cost of $ 190 billion this year for US families – or $ 1,500 per household, says Lydia Boussour, the research group’s leading US economist.

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