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Gas prices, inflation under the microscope: Impact on consumers likely was muted in March

Wall Street Journal -- One of the biggest threats to the U.S. economy is higher gas prices, but so far the cost of filling up has not slowed the recovery.

After spiking in the first few months of 2012, gas prices have leveled off at a national average just under $4 a gallon. If the price holds steady or declines, economists say, a threat to the economy will likely be averted.

The effects of gas prices on U.S. households will come into focus with this week’s reports on inflation and consumer sentiment.

The data is expected to show inflation tapering off and consumers still somewhat optimistic despite higher gas prices and last week’s disappointing U.S. jobs report.

“The biggest threat to the economy is gasoline,” said economist . . .

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Submitted Apr 09, 2012 By: MidNJ

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tailpipeFL All-Star Author Tampa Posts:764 Points:45,165 Joined:Feb 2009	Message Posted: Apr 9, 2012 1:39:34 AM Ignore tailpipeFL Report Abuse We always have to look at who is talking when they press their data,and what they are implying and at whose behest.Where we live the economy is not better. Maybe it's better for the guys being paid to write this stuff. Recently Bernanke indicated little faith in the newest jobs report. So what about that tell me he doesn't count for anything except interest rates and QE. How can a poor family guy pay $100.00 per wk extra for his gas and be optimistic? Does anybody think we are being a little misled on behalf of someone?
TerryLee Champion Author Ohio Posts:14,600 Points:2,790,150 Joined:Mar 2004	Message Posted: Apr 9, 2012 1:36:40 AM Ignore TerryLee Report Abuse Obama needs to do something more then just talk a good game.
Bruno44 Champion Author Texas Posts:7,065 Points:1,766,245 Joined:Sep 2007	Message Posted: Apr 9, 2012 1:36:09 AM Ignore Bruno44 Report Abuse DirtDauber, is that similar to B___ S___? Thanks for the post.
wang91554 Champion Author San Jose Posts:3,155 Points:1,198,880 Joined:May 2009	Message Posted: Apr 9, 2012 1:32:16 AM Ignore wang91554 Report Abuse whatever goes up...
moremissions200 Champion Author Rhode Island Posts:10,506 Points:2,024,485 Joined:Jan 2007	Message Posted: Apr 9, 2012 1:31:40 AM Ignore moremissions200 Report Abuse The Wall Street Journal--they are not hurting
BigZ1959 Champion Author Denver Posts:3,743 Points:1,460,300 Joined:Oct 2008	Message Posted: Apr 9, 2012 1:28:44 AM Ignore BigZ1959 Report Abuse Up
DirtDauber Champion Author San Antonio Posts:6,771 Points:1,625,510 Joined:Nov 2005	Message Posted: Apr 9, 2012 1:27:10 AM Ignore DirtDauber Report Abuse As we say in Texas, that is a lot of Bovine Excreta, to be polite.
BigZ1959 Champion Author Denver Posts:3,743 Points:1,460,300 Joined:Oct 2008	Message Posted: Apr 9, 2012 1:26:56 AM Ignore BigZ1959 Report Abuse Up
streetcars Champion Author Toledo Posts:12,254 Points:2,604,690 Joined:Apr 2005	Message Posted: Apr 9, 2012 1:23:00 AM Ignore streetcars Report Abuse BULL!
LegoVasavouchi Champion Author Oklahoma Posts:1,659 Points:114,390 Joined:Apr 2011	Message Posted: Apr 9, 2012 1:22:00 AM Ignore LegoVasavouchi Report Abuse Fascinating.
anascom Champion Author Hamilton Posts:1,593 Points:553,115 Joined:Feb 2011	Message Posted: Apr 9, 2012 1:21:42 AM Ignore anascom Report Abuse very bad!
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: Apr 9, 2012 1:20:35 AM Ignore nomad228 Report Abuse it's all a political game right now for votes.that's why fuel prices dropped by 33 cents this week. if they P.O. the voters who celebrate easter they would lose all their backing from the people who still know what it means. : )plus the stores would not have sold any goods for the holi(Y)day. : ) causing their profits shares to dip sharply for this month. :) which is hilarious over the last ten years they tried to get rid of christ-mas and easter any holi-day that has to do with christianity.ooops. now the money changers are willing to do business with anyone. hahahahahaha :0 what a world what a world.....it's to funny.
Wizrd03 Champion Author Illinois Posts:8,137 Points:1,629,410 Joined:Oct 2008	Message Posted: Apr 9, 2012 1:20:01 AM Ignore Wizrd03 Report Abuse not if the adminsitratino has it's way
52MPG Champion Author Dayton Posts:7,252 Points:1,739,755 Joined:Apr 2006	Message Posted: Apr 9, 2012 1:19:20 AM Ignore 52MPG Report Abuse Bring on the alternatives.
notnxs383 Champion Author Missouri Posts:2,543 Points:589,470 Joined:Oct 2008	Message Posted: Apr 9, 2012 1:18:39 AM Ignore notnxs383 Report Abuse oh wow, I missed something,, there is a recovery going on?
Mowerman08 Champion Author Milwaukee Posts:4,745 Points:1,215,070 Joined:Aug 2008	Message Posted: Apr 9, 2012 1:18:38 AM Ignore Mowerman08 Report Abuse “The biggest threat to the economy is gasoline,” and the OUT of CONTROL EPA, and the Federal regulations that kill job growth.
dave1745 Champion Author Gary Posts:1,262 Points:735,500 Joined:Dec 2010	Message Posted: Apr 9, 2012 1:14:30 AM Ignore dave1745 Report Abuse hush hush
goldseeker Champion Author West Virginia Posts:19,530 Points:2,716,865 Joined:Sep 2005	Message Posted: Apr 9, 2012 1:14:15 AM Ignore goldseeker Report Abuse Leveled off???? Are you crazy? This is nothing more than big oil propoganda.
RENEGADEGAS Champion Author Missouri Posts:14,899 Points:1,589,275 Joined:Jul 2008	Message Posted: Apr 9, 2012 1:13:21 AM Ignore RENEGADEGAS Report Abuse There is no recovery, it has slowed everything. Try telling this to a business owner. Their side of the story will be contrastly different.
dlr17 Champion Author Twin Cities Posts:7,903 Points:1,449,625 Joined:Aug 2003	Message Posted: Apr 9, 2012 1:12:30 AM Ignore dlr17 Report Abuse Speculators add greatly to the price of gasoline, but add absolutely no value to it. Speculation should be abolished.
Dragnet Champion Author Arizona Posts:15,396 Points:2,906,810 Joined:Jul 2004	Message Posted: Apr 9, 2012 1:12:21 AM Ignore Dragnet Report Abuse ancient news
NOTSOGRN Champion Author Michigan Posts:2,055 Points:1,509,495 Joined:Dec 2007	Message Posted: Apr 9, 2012 1:11:47 AM Ignore NOTSOGRN Report Abuse . . KnoxGasPriceSpy...Yup 2nd that.
ysmc Champion Author Providence Posts:10,550 Points:2,020,670 Joined:Apr 2007	Message Posted: Apr 9, 2012 1:11:08 AM Ignore ysmc Report Abuse Speculation should be illegal. Speculators should be tried for treason.
TBONE3 Champion Author Pennsylvania Posts:8,736 Points:1,974,700 Joined:Mar 2005	Message Posted: Apr 9, 2012 1:09:49 AM Ignore TBONE3 Report Abuse It probably was muted. Now how about Summer driving?
jrsva Champion Author Virginia Posts:9,840 Points:1,610,300 Joined:Jan 2006	Message Posted: Apr 9, 2012 1:08:44 AM Ignore jrsva Report Abuse It is nice to have a somewhat optimistic report instead of those tiresome stories about how gas is heading for $5/gal. We’ll just have to see how it plays out.
KrsnaDragon Champion Author Montreal Posts:2,397 Points:528,600 Joined:Nov 2011	Message Posted: Apr 9, 2012 1:06:37 AM Ignore KrsnaDragon Report Abuse Speculation breeds despair.
Sundarakhemesi Sophomore Author Montreal Posts:227 Points:97,145 Joined:Feb 2012	Message Posted: Apr 9, 2012 1:05:49 AM Ignore Sundarakhemesi Report Abuse ok
TBONE3 Champion Author Pennsylvania Posts:8,736 Points:1,974,700 Joined:Mar 2005	Message Posted: Apr 9, 2012 1:03:52 AM Ignore TBONE3 Report Abuse Maybe the Pres. will pull rank and hold prices down until after election. Won't do him any good.
skier0277 Rookie Author Houston Posts:20 Points:27,960 Joined:Mar 2012	Message Posted: Apr 9, 2012 1:03:12 AM Ignore skier0277 Report Abuse K
windows7isfast Champion Author Winnipeg Posts:2,398 Points:489,280 Joined:Nov 2011	Message Posted: Apr 9, 2012 1:01:55 AM Ignore windows7isfast Report Abuse wow
gamalerin Champion Author Tampa Posts:4,737 Points:990,585 Joined:Jul 2010	Message Posted: Apr 9, 2012 1:00:39 AM Ignore gamalerin Report Abuse is $5 coming soon?
truckguy115 Champion Author Orange County Posts:1,632 Points:221,225 Joined:Apr 2008	Message Posted: Apr 9, 2012 12:54:07 AM Ignore truckguy115 Report Abuse it's not even close to memorial day. we will see gas prices climb like a rocket to the moon.
firasatali Champion Author Toronto Posts:3,085 Points:567,375 Joined:May 2011	Message Posted: Apr 9, 2012 12:53:46 AM Ignore firasatali Report Abuse ok
wildddkattt80 Champion Author Phoenix Posts:2,143 Points:432,145 Joined:Jun 2011	Message Posted: Apr 9, 2012 12:53:24 AM Ignore wildddkattt80 Report Abuse k
VetteFan Champion Author Indiana Posts:9,724 Points:2,025,555 Joined:Aug 2005	Message Posted: Apr 9, 2012 12:48:27 AM Ignore VetteFan Report Abuse Wall Street Journal appears to be optimistic. Gas/ diesel prices tend to preceed what happens to food and shipping costs. Fuel is high now, food and shipping soon to follow. As those prices climb the economy goes down.
kusanagisama All-Star Author Texas Posts:708 Points:191,525 Joined:Feb 2011	Message Posted: Apr 9, 2012 12:47:42 AM Ignore kusanagisama Report Abuse Ok
vulcan96 Champion Author Ohio Posts:26,890 Points:3,101,725 Joined:Aug 2004	Message Posted: Apr 9, 2012 12:47:13 AM Ignore vulcan96 Report Abuse time to clean political house....
q2 Champion Author Alberta Posts:2,024 Points:378,145 Joined:Nov 2008	Message Posted: Apr 9, 2012 12:47:03 AM Ignore q2 Report Abuse they killed it in 2008 and they will kill it again
lunarrv15 Champion Author Cincinnati Posts:14,847 Points:2,382,385 Joined:Dec 2005	Message Posted: Apr 9, 2012 12:43:35 AM Ignore lunarrv15 Report Abuse okay...interesting thanks for posting
bills299 Champion Author Atlanta Posts:3,351 Points:901,565 Joined:May 2005	Message Posted: Apr 9, 2012 12:43:13 AM Ignore bills299 Report Abuse will have to drive even less!!
Z51Corvette Champion Author Austin Posts:8,475 Points:1,669,245 Joined:Jan 2008	Message Posted: Apr 9, 2012 12:43:03 AM Ignore Z51Corvette Report Abuse Not slowed the recovery.... what Kool Aid are they drinking!!! It is too slowing the recovery, more media propaganda to sort through!
dancygreen Champion Author Twin Cities Posts:2,053 Points:482,935 Joined:Sep 2011	Message Posted: Apr 9, 2012 12:40:47 AM Ignore dancygreen Report Abuse my economy is threatened greatly by $4 gal
agr964 All-Star Author Fresno Posts:614 Points:70,780 Joined:Aug 2008	Message Posted: Apr 9, 2012 12:35:42 AM Ignore agr964 Report Abuse "...gas prices have leveled off at a national average just under $4 a gallon. If the price holds steady or declines, economists say, a threat to the economy will likely be averted." What is this, are these economists and the author of this article insane? [Edited by: agr964 at 4/9/2012 12:36:14 AM EST]
heartbroken2010 Champion Author Ottawa Posts:4,334 Points:894,985 Joined:Aug 2010	Message Posted: Apr 9, 2012 12:35:26 AM Ignore heartbroken2010 Report Abuse one hand slaps the other.
computernut2008 Champion Author Ohio Posts:6,562 Points:1,348,415 Joined:Oct 2008	Message Posted: Apr 9, 2012 12:29:32 AM Ignore computernut2008 Report Abuse yep
mfeldstein Champion Author Ottawa Posts:8,161 Points:1,928,430 Joined:Feb 2007	Message Posted: Apr 9, 2012 12:29:22 AM Ignore mfeldstein Report Abuse This could be a drag on the whole economy.
KnoxGasPriceSpy Champion Author Knoxville Posts:140,838 Points:918,845 Joined:Oct 2010	Message Posted: Apr 9, 2012 12:28:48 AM Ignore KnoxGasPriceSpy Report Abuse “The biggest threat to the economy is gasoline,”... and obama...
humblepie Champion Author Toledo Posts:34,114 Points:2,369,420 Joined:Mar 2006	Message Posted: Apr 9, 2012 12:27:26 AM Ignore humblepie Report Abuse the biggest threat to america is obama, followed by the epa then harry reid and nancy pelouzy. [Edited by: humblepie at 4/9/2012 12:28:43 AM EST]
VernonOR Champion Author Oregon Posts:2,900 Points:735,445 Joined:Aug 2010	Message Posted: Apr 9, 2012 12:27:18 AM Ignore VernonOR Report Abuse Agree
Dodge_Me Champion Author Atlanta Posts:2,214 Points:553,980 Joined:Mar 2006	Message Posted: Apr 9, 2012 12:26:24 AM Ignore Dodge_Me Report Abuse Agree with "hemiMI" I've heard the same from the mad money guy, he said with unemployment was lower so gas prices become easier to pay when higher, in so many words, I don't agree with that, how could it not effect any economic recovery, the higher gas prices get, the less money we have for other things we need for our families.
10k Champion Author North Carolina Posts:21,231 Points:2,252,070 Joined:May 2006	Message Posted: Apr 9, 2012 12:26:10 AM Ignore 10k Report Abuse i'd like for the wall street fat cats to tell me where there is a recovery.. the threat to my economy was reached when gas hit $2/gallon, and unemployment stayed over 10% in north carolina.. these so called economists need to get out in the real world.. [Edited by: 10k at 4/9/2012 12:26:58 AM EST]
yakstar Champion Author Montreal Posts:2,405 Points:476,720 Joined:Jan 2012	Message Posted: Apr 9, 2012 12:25:48 AM Ignore yakstar Report Abuse is the biggest threat to the economy gasoline?