Issue Brief

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

Dec 17, 2014 | Stephen P.A. Brown

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.