CNBC Pro

This is why spiking oil prices and gas at $5 a gallon may not lead to a recession

A display shows fuel prices at a gas station in New York City, March 7, 2022.
Andrew Kelly | Reuters

Much higher oil and gasoline prices increase the chances for a recession, but economists say the U.S. economy is resilient and should dodge one for now.

More In Pro Insight

VIDEO10:25
CNBC ProNike, Meta, and Microsoft are some of today's top stock picks for investors: Pro Market Movers June 27
CNBC ProFinding high dividend yielders with steady and growing payouts
CNBC ProEnd of the second quarter brings hopes that the stock market rally will continue