economy
The economy can expand so long as gas doesn't go much above $4 a gallon, Jeremy Siegel says
"I don't think it's going to get much above $4.10, unless there's some extreme measure going on," Siegel said.
TL;DR
- U.S. economy has room to grow if gas prices stay below $4 a gallon.
- Professor Jeremy Siegel predicts gas prices will not exceed $4.10 without extreme measures.
- High gas prices are not historically significant when adjusted for inflation.
- U.S. gasoline prices have surged over 30% since late February.
- Nationwide average gas price reached $4.018.
- Signs suggest the U.S.-Iran conflict may be nearing an end, potentially stabilizing the economy.