"Gasoline prices that hit $4.11 per gallon in July 2008 helped put the country into the worst recession in decades. Oil prices, which hit $147 that month, fell to $33 by December. Demand for fuel has yet to bounce back, despite the signs that the economy is getting better."
Any momentum will be halted if gasoline goes and stays above 3 bucks for any length of time. As to rising prices in crude forecasting a stronger economy, I have to ask, WTF were they forecasting in July of 2008? The entire world economy collapsed a mere 2 months later. Same scam being run now. Look out below!