Institute Chief Economist Gerald Cohen spoke to both WRAL-TV and WTVD-TV on July 5, saying the potential downside of a recent decrease in gasoline prices is that it may reflect concerns in the markets that the economy is going into recession. “Economic activity slows, gasoline demand slows,” Cohen said. “If [prices are] coming down because people think we’re in a recession, then that’s bad.”
Decrease in Gasoline Prices Could Be a Sign of Recession Fears
