Low gasoline price reflects pessimism about the U.S. recovery

The price of gasoline on the U.S. commodity market has dropped to its lowest level in eight months, a sign that traders and consumers are taking a more negative view of where the economy is headed, according to The Washington Post. Refiners anticipated a surge in gasoline sales this summer, but it never materialized. High unemployment and diminished consumer confidence have discouraged Americans from traveling and spending, economists said.

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