Gas prices pose risk to economy

The price of gasoline in the Connecticut River Valley has shot up nearly 90 cents a gallon since February.

Nationally, the price has reached a record high – $3.20 a gallon on average yesterday – surpassing the peak of the spike after Hurricane Katrina in 2005. In fact, adjusted for inflation, the national price now exceeds the price spike of 1981 brought on by the Iran-Iraq war.

Economists fear that if the cost of fuel stays too high for too long, the entire economy could feel the impact, through increased inflation

TheRepublican