ElwoodBlues · M
That's what soaring gas prices will do!!
AAA reports US average gas prices now are $4.30, up from $2.87 at the end of Jan 2026. That's a 50% increase in 3 months, quite a price shock! What does that mean for the broader economy??
High energy prices, specifically oil price shocks, have been a contributing factor to roughly 4 to 6 major U.S. recessions in the last 50 years. Nearly all post-World War II recessions saw preceding oil price spikes, with major examples including the 1973–75 oil embargo, the 1979–80 energy crisis, the 1990–91 Gulf War recession, and the 2007–2008 financial crisis.

AAA reports US average gas prices now are $4.30, up from $2.87 at the end of Jan 2026. That's a 50% increase in 3 months, quite a price shock! What does that mean for the broader economy??
High energy prices, specifically oil price shocks, have been a contributing factor to roughly 4 to 6 major U.S. recessions in the last 50 years. Nearly all post-World War II recessions saw preceding oil price spikes, with major examples including the 1973–75 oil embargo, the 1979–80 energy crisis, the 1990–91 Gulf War recession, and the 2007–2008 financial crisis.
Oil Prices Spike, National Average Up Nearly 30 Cents in One Week
April 30,2026
April 30,2026

Virgo79 · 61-69, M
Funny no one ask that when everyone else was pushing electric cars, windmills solar panels ect.



