|
Energy�s Impact upon
United States' Economy
|
Cost
per |
Billions |
Wholesale |
Retail |
GNP |
USA |
|
|
|
Barrel |
Barrels |
Trillion |
Trillion |
Trillion |
GNP |
Remarks |
|
|
$ 20.00
|
7.5 |
$ 0.34 |
$ 0.68 |
$ 13.0 |
5.2% |
Last Year |
|
|
50.00
|
7.5 |
$ 0.85 |
$ 1.70 |
$ 13.0 |
13.1% |
Current |
|
|
69.32
|
7.5 |
$ 1.18 |
$ 2.36 |
$ 13.0 |
18.2% |
Spot Market |
|
120.00
|
7.5 |
$ 2.05 |
$ 4.09 |
$ 13.0 |
31.5% |
|
|
|
180.00
|
7.5 |
$ 3.07 |
$ 6.14 |
$ 13.0 |
47.2% |
|
|
Increases in oil prices are rippling through the USeconomy.
Federal Reserve has increased
interest rates
to signal pending recession.
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