Consider this pairing: $5 gasoline and 5 percent mortgage rates. It could be a bad combination for the economy.
If abundance is the enemy of commodity traders, the current landscape is a veritable minefield.
Fears are growing that rising gasoline prices could stifle economic recovery. Those rising gasoline prices are becoming a subject of hot political debate in a presidential election year. Geopolitics is behind the rising prices, most noticeably due to the increasing tensions over Iran’s nuclear program.