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

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Date

Dec. 16, 2014

Authors

Stephen P. A. Brown

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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Topics

Authors

Stephen P. A. Brown

University Fellow

Stephen P. A. Brown

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