Higher gas prices threaten economy

Inflation remains tame throughout the U.S. economy, with one big exception: gas prices.

Those higher prices haven’t derailed a steadily improving economy. But if they surpass $4 or $5 a gallon, experts fear Americans could pull back on spending, and job growth could stall, posing a potentially serious threat to the recovery.

And the longer prices remain high, the more they could imperil President Barack Obama’s re-election hopes.

A few weeks ago, economists generally agreed that the economy was in little danger from higher gas prices as long as job growth remained strong. But fears are now mounting that gas prices could begin to weaken consumer confidence.

The average pump price nationwide is $3.83 a gallon. Energy analysts say it’s bound to climb higher in the weeks ahead.
“It’s a thorn in the side of the consumer and businesses,” said Chris Christopher, an economist at IHS Global Insight. The economy this year “would have been better and stronger if we didn’t have to deal with this.”

So far, higher prices aren’t undermining the economic recovery, which is getting a lift from strong job creation. It would take a big jump — to around $5 a gallon — before most economists would worry that growth would halt and the economy would slide into another recession.

That’s because an improving economy is somewhat insulated from any threat posed by higher prices at the pump.

The risk is that gas prices could eventually slow growth by causing some people to cut spending on other goods, from appliances and furniture to electronics and vacations. Gasoline purchases provide less benefit for the U.S. economy because about half of the revenue flows to oil-exporting nations, though U.S. oil companies and gasoline retailers also benefit.

Many American businesses suffer, too. They must pay more for fuel and shipping and for materials affected by high oil prices, such as petroleum-based plastics. Profit margins get squeezed.

Even if prices ease after the summer driving season, don’t expect gasoline to fall below $3 a gallon. The government estimates that this year’s average will be $3.79, followed by $3.72 in 2013.

Along with the unemployment rate and stock market levels, gasoline prices heavily determine how Americans see their financial health.

That effect was evident Friday when a decline was reported in the Thomson Reuters/University of Michigan index of consumer sentiment. The result surprised some economists who had assumed that higher stock prices and lower unemployment would lift consumer sentiment.

The Michigan report showed that “gasoline worries … are outweighing stock market gains and job growth” when it comes to influencing consumer attitudes, said Michael Hanson, an economist at Bank of America Merrill Lynch.

The price of gasoline has climbed 17 percent since the year began — to a national average of $3.83 a gallon. That’s the highest ever for this time of year. A month ago, it was $3.52.

Most economists expect gas prices to top $4 a gallon by May. That would drag on consumer spending and the economy.

“It’s like a tax,” Hanson said.

Inflation remains tame throughout the U.S. economy, with one big exception: gas prices.

Those higher prices haven’t derailed a steadily improving economy. But if they surpass $4 or $5 a gallon, experts fear Americans could pull back on spending, and job growth could stall, posing a potentially serious threat to the recovery.

And the longer prices remain high, the more they could imperil President Barack Obama’s re-election hopes.

A few weeks ago, economists generally agreed that the economy was in little danger from higher gas prices as long as job growth remained strong. But fears are now mounting that gas prices could begin to weaken consumer confidence.

The average pump price nationwide is $3.83 a gallon. Energy analysts say it’s bound to climb higher in the weeks ahead.
“It’s a thorn in the side of the consumer and businesses,” said Chris Christopher, an economist at IHS Global Insight. The economy this year “would have been better and stronger if we didn’t have to deal with this.”

So far, higher prices aren’t undermining the economic recovery, which is getting a lift from strong job creation. It would take a big jump — to around $5 a gallon — before most economists would worry that growth would halt and the economy would slide into another recession.

That’s because an improving economy is somewhat insulated from any threat posed by higher prices at the pump.

The risk is that gas prices could eventually slow growth by causing some people to cut spending on other goods, from appliances and furniture to electronics and vacations. Gasoline purchases provide less benefit for the U.S. economy because about half of the revenue flows to oil-exporting nations, though U.S. oil companies and gasoline retailers also benefit.

Many American businesses suffer, too. They must pay more for fuel and shipping and for materials affected by high oil prices, such as petroleum-based plastics. Profit margins get squeezed.

Even if prices ease after the summer driving season, don’t expect gasoline to fall below $3 a gallon. The government estimates that this year’s average will be $3.79, followed by $3.72 in 2013.

Along with the unemployment rate and stock market levels, gasoline prices heavily determine how Americans see their financial health.

That effect was evident Friday when a decline was reported in the Thomson Reuters/University of Michigan index of consumer sentiment. The result surprised some economists who had assumed that higher stock prices and lower unemployment would lift consumer sentiment.

The Michigan report showed that “gasoline worries … are outweighing stock market gains and job growth” when it comes to influencing consumer attitudes, said Michael Hanson, an economist at Bank of America Merrill Lynch.

The price of gasoline has climbed 17 percent since the year began — to a national average of $3.83 a gallon. That’s the highest ever for this time of year. A month ago, it was $3.52.

Most economists expect gas prices to top $4 a gallon by May. That would drag on consumer spending and the economy.

“It’s like a tax,” Hanson said.

Start Saving Today……http://gasistoohigh.com

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Famous Wally Amos Helping People Save Money On Rising Gas Prices

Famous Wally Amos Is Helping People Save Money on Rising Gas Prices

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Save Money On Rising Gas Prices

We all have one expense in common, no matter who we are or what shape the economy is in – The cost of Transportation.

Another thing we have in common is now everyone can reduce that cost. It doesn’t matter whether it is a car, truck, SUV, diesel, or snowmobile. Anything that runs on gas or diesel fuel will benefit from this product.

This product has been proven all around the world for over 2 decades. Until recently, it has only been used by large industrial companies, but now it is available to the general public, and many people are learning why these industrial companies won’t go without it.

Introducing a one-of-a-kind product that will make your vehicle live
longer, run smoother, produce 1/3 less emissions, go farther on a tank of fuel, and perform better with more horse power. Not to mention save you money right at the pump.

Xtreme Fuel Treatment is a break-through product which produces results in 4 key categories:

1. Prolongs engine life and reduces wear

Xtreme Fuel Treatment uses a combination of ingredients that work together to prolong the life of your engine. Detergents, demulsifiers, rust & corrosion inhibitors, lubricating agents, and polymerization retardants work together to keep things clean and running smoother. The result is that component parts of the engine and fuel system run longer,work better, and cost much less to maintain. Xtreme Fuel Treatment also reduces friction, which means less wear on moving parts. This translates into fewer repairs over the life of your vehicle, saving you money and time.

2. Increases fuel mileage and economy

Xtreme Fuel Treatment contains a compound which creates a longer, better burn. This allows your engine to burn much more of the injected fuel, instead of sending unused fuel out the exhaust. Most vehicles waste a good amount of unused fuel as emissions. You can’t solve that problem with regular or even premium fuels alone.
So what does this mean to you? Enabling a more complete burn process means you use less fuel because you’re using the available fuel more efficiently. This equates to better gas mileage, and ultimately money saved!

3. Improves vehicle performance and horse power
Your engine is just like most other things. The cleaner it is, the
better it works! As the cleaning process removes any carbon build up,the engine will run smoother, and the vehicle will drive better.
Xtreme Fuel Treatment also impacts the vehicle’s horse power. Because you get a longer better burn, and the engine is burning more of the injected fuel, you get more power from the same amount of fuel.

4. Reduces harmful emissions and pollutants
One very important benefits of using Xtreme Fuel Treatment is that is reduces the amount of harmful emissions produced by your vehicle by almost 1/3. As we have said, it improves the combustion process in the engine, which in turn reduces the harmful emissions produced. A common term used today is Carbon Footprint. A carbon footprint is a measure of the impact we have on the environment in terms of the amount of greenhouse gasses we produce. We can all breath easier because Xtreme Fuel Treatment will help you reduce your carbon footprint and make any vehicle you drive run cleaner.

For more detail visit http://www.gasistoohigh.com

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Juggling Work And Life? – Work From Home Say Yes To Success

Join the Xtreme Fuel Treatment Team and Say Yes to Success!

If you are a business professional in search of a new and exciting work-from-home opportunity, then the Xtreme Team  could be just the answer you’re looking for.

Whether you’re still stuck in the corporate world and trying to get out, or you’ve been forced out by this down economy, the Xtreme Team can offer you the perfect opportunity to help you reinvent yourself and begin finally enjoying what you do!

The Xtreme Team is a power team composed of experienced business professionals, and those striving to be, who support one another on a day-to-day basis and can help ease you into a work from home environment, with minimal stress and maximum profit potential.

As the economy continues to sputter, more and more people require the unique and affordable consumer-driven benefit programs we offer our clients. People are in dire need of saving money on fuel and we can fully customize to suit their specific needs, and they rely on the work-from-home professionals at XFT for the solution.  The product is easy, affordable, and save clients more than one million dollars a year!

So what are you waiting for? The profit potential for you as a member of the Xtreme Team is virtually limitless and the support and coaching you receive from our experienced team members is priceless.

Request an interview today and experience the Xtreme difference for yourself!

email info@gasistoodamnhigh.com or (800)206-7865

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Distributors Wanted Xtreme Fuel Treatment


• One thing people will always buy, no matter the cost…Fuel. Petrol. Diesel. However you say it, we all feel the same about it… A Necessary and Painful Expense.

• By partnering with Syntek Global, you can personally provide a way to ease that pain. You can save people a good amount of money on driving expenses

• Countries all over the world have pledged to reduce emissions by upwards of 15%- 30% by the year 2020. How will they do this? They have no idea! XFT reduces emissions by about 1/3. Some tests show even better than that. XFT is a simple, effective, immediate answer to this problem. And it actually costs you less to use than not to use it.

• It’s simple to become a distributor. Just send people to your website that is created for you.  Just take the orders and allow the company to ship the products. Your part is to spread the word . By becoming a Syntek Global Distributor, you will earn money every time someone makes a purchase.

• Syntek Global pays their distributors in over 9 different ways, including Direct Sales Commissions, Team Sales Commissions, Check Matching Commissions, and a number of bonuses including the incredible INFINITY Bonus which is unmatched in its ability to earn you money. For more information contact 1 800 206-7865

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The National Average for Gas Rose to $3.40

Gas prices jumped 4 cents overnight, with the average American driver now paying more than $3.40 a gallon.

The national average price for a gallon of regular gasoline rose to $3.427 on Thursday, according to a daily survey by motorist group AAA. That’s up from $3.387 a gallon on Wednesday.

Gas prices have not averaged more than $3.40 a gallon since October of 2008. The record high was over $4.11 a gallon in July 2008.

The highest gas prices were in Hawaii, where drivers pay an average of $3.82 a gallon.

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Austrialia…Canada…New Zealand….Italy

Austrialia….Canada…New Zealand …..Italy
LOOKING FOR A FIRST CLASS BUSINESS OPPORTUNITY? 

Fastest growing home base opportunity in U.S. seeks talent to aggressively expand local and regional markets. Must have strong background in recruiting, training and public speaking. If you are entrepreneurial minded, highly motivated to succeed, and tired of glass ceilings,e-mail me immediately. Residuals, bonuses, and profit sharing once qualified. For more information email: info@boykininternationalgroup.com

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