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Friday, February 12, 2016

Why people are freaking out about cheap oil - Feb. 11, 2016

The latest plunge in oil prices is putting a smile on the faces of millions of Americans. But should it?



Sure, the stunning crash in oil prices below $27 a barrel seems great for consumers because it's driven gas at the pump to nearly $1 a gallon in some places. And the thinking is that it should help boost the U.S. economy, with people spending their gas savings.



Why people are freaking out about cheap oil - Feb. 11, 2016

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