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How Does US's Oil Prices Affect The US Economy?

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The US economy has seen a significant drop in oil prices over the past year. This has been very prevalent throughout the country, and consumers have been enjoying the cheapest gas prices since 2008 (Historical Price Charts). Not only does it affect the consumers, but it also has had a substantial impact on industry as well. Due to many influences, the dollar has gotten much stronger globally. This article addresses the effects of both, and which will ultimately have the largest impact on manufacturing firms in the US. The United States consumes over 19 million barrels of oil every day (U.S. Energy Information). So as you could imagine, fuel is a very important resource for Americans. When prices of oil are affected, it is a frequent

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