The question, economists agreed, what happens if prices continue upward and remains high.
Prices for a gallon of regular unleaded gasoline for $4 are revisiting more petrol stations dark territory three years nationwide, as the average price for a gallon of regular gas Verbundestrich2008 reached a peak of $4.11 on 17 July in accordance with the oil price information service.
The survey about 100,000 stations showed that gas prices were now average $3.77 per gallon nationwide. The average is more than $4 in California, Hawaii and Alaska, and analysts with the oil information service said drivers paid more than $4 at some stations in at least three States - Illinois, Connecticut and New York.
The Government energy information administration on Monday put the average price for a gallon of regular gasoline slightly higher at $3.79, up 10.7 cents from last week and nearly a dollar higher than the same period last year.
Even with the higher prices the last width economists said data had still be positive.
Labour market, has for example continues to strengthen, with the economy in March add 216,000 jobs. And a survey of 25 retailers tracked by Thomson Reuters saw an increase of 1.7% in the same month, in contrast to analysts forecasts.
But economists try still, to determine the longer-term consequences.
"As soon as we the $4-cross the threshold, the pain will be more noticeable, and it appears more significantly in reducing the future consumer spending,", said Bernard Baumohl, the Global Chief Economist for the Economic Outlook Group. He predicted that "discretionary expenditure declined will be how to move the price of gasoline is higher."
He also stressed that the Government retail sales figures for March, a broader measure, the other sectors and categories, taking into account be released on Wednesday. He said "I would be surprised not at all, that the not gasoline purchases start to suffer,".
John Gamal, the Director of the petrol research for MasterCard, pointed out that good jobs report last month. "It has been a tug of war," he said higher gas prices between the improved labour market and drag.
He said that a MasterCard Advisors SpendingPulse report showed that gasoline consumption 3.6 percent in the week to 1 April, year after year, which was fifth consecutive decline.
Mr Gamal said "Even better labour market, consumers back on their driving cutting with are,". "This is something we will have to see."
Also, the decline may be caused by cars-saving Americans switch to more fuel since 2008.
"How it is so bad, $4 pump prices, find you under" James W. Paulsen, the chief investment strategist for Wells Capital Management said the economy in better shape now than it was three years ago.
He wrote "The recent rise in energy prices well slow the pace of economic recovery can in the next few quarters," in a research note Monday.?"However, the other position and term of Office of the U.S. job market the reason could why the contemporary energy crisis may be more consumers at the pump as the end of a cycle recession risk irritating."
Economists also say that industries that depend on, as recovery and hotels, was able to travel feel the pinch of the Memorial Day weekend and during the summer revenue.
The increase of which began gas prices rose to steam after political unrest in the Middle East in February. Commodity prices rose amid increased concerns about supply disruptions, especially from Libya, although other manufacturers offered balance deficit. Crude oil prices climbed to their highest level for more than two years last Thursday, more than $110 close.
"Money all were at an incredible speed for the last four months, pouring in was has", Tom Kloza said chief oil analyst at the oil price information service.
"I think we have reached the turning point," he said the gasoline prices. "The sweet spot was in this year of economic growth without damaging demand probably $3.25 to $3.75"
The rise which has raw material prices been so pronounced, that the Federal Reserve expressed officials on gasoline prices. On Monday, in fact, Janet L. Yellen, the Deputy Chairman of the Board of Governors of the fed, said that rising food prices created for energy and "significant difficulties" for many people and that the fed the effect on inflation was observed.
Economists said they expected that Americans not needed less travel by car, especially on Memorial Day would make for summer vacation, or would consolidate more travels for work with errands.
"People just the elasticity in their budgets do not have," said Robert Sinclair Jr., a spokesman for AAA New York.
However, many Americans are as Jon Wood, 49-year-old mechanic, reluctantly bought that, after the run-up of in gas prices in 2008, a Nissan Skyline for its 80-mile, and return to his job in Greenwich, Connecticut commute
Now, with the price for a gallon of gas at $4.19 on the station, where he works, he is glad that he did.
"I drive something very economical," said Mr wood of his car, a 1993 model, which gives him 30 miles per gallon on the highway. "Normally, it would not be my first choice."
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