Business Rundown: Gas Prices Down, Electricity Prices Up. What's Going On?
Description
The average cost of gasoline nationwide is hovering near the $3 mark and could soon dip below it, that’s according to industry experts.
That should be good news for our wallets and the overall economy. When Americans are using less of their income to fuel up their cars, they can be using that cash on other things, especially the rapidly approaching holiday shopping season.
Unfortunately, however, home energy bills are expected to rise this winter, according to a report released by the U.S. Energy Information Administration this week
Phil Flynn, a Senior Market Analyst at the Price Futures Group and Fox Business contributor, speaks with co-host of "The Big Money Show" Jackie DeAngelis about what’s behind both of these trends, and what they tell us about the economy.
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