Originally Posted by
Floyd94
Historically speaking, EVERY 50% rise in crude has led to a recession since the 1970s.
Could lead to some interesting times
Originally Posted by
Andy
That CNBC factoid is incorrect. Oil prices doubled in 2011 and 2018 without triggering a recession.
for purposes of this thread, that may be a distinction without a meaningful difference.
Recession or not, high fuel costs are a stressor…