Stretching Your Dollar: How Rising Oil Prices Can Impact Consumers
Oil prices continue to surge as the rate for a barrel tipped past $94 for for the first time in a year. Patrick De Hann, head of petroleum analysis at GasBuddy, joined 'Stretching Your Dollar' to talk about the potential ramifications on the everyday consumer.
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.