Falling Oil Prices and US Economic Activity: Implications for the Future

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Date

Dec. 16, 2014

Publication

Issue Brief

Reading time

1 minute

Key findings

  • World oil prices have fallen dramatically.
  • Gasoline prices are the lowest they have been in four years and have farther to fall.
  • Lower oil and gasoline prices will be a mild stimulus to US economic activity.
  • Oil-related pollution is expected to increase.

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