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STUDY - USA - Oil Prices and the U.S. Economy
Washington,DC,USA -Voice of America,by Paul Westpheling -29 Apr 2005: -- According to the American Petroleum Institute, every one-cent increase in the price of gasoline in the United States costs consumers an additional $1.4 billion. Higher energy prices have reduced G.D.P, i.e., gross domestic product, growth by an estimated one-half-to-one percent this year alone... http://www.voanews.com/english/NewsAnalysis/2005-04-29-voa58.cfm
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