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Consumer Confidence
Falling oil prices: How long will it last?
Falling oil prices: How long will it last?

Filling up at the gas station has been a much more pleasant experience for Americans since last fall. Regular gas is now less than $2 a gallon in many states, down from around $3.30 just a year ago. But how long will that last? It’s just one of many questions stemming from the extraordinary drop in crude oil prices -- a development that has boosted consumer confidence, hurt once-booming energy states and presented new opportunities -- and challenges -- for the U.S. and global economy. Why did oil prices fall so much, so fast? A confluence of factors has contributed to the more than 50% slide in oil prices since September. The biggest is the steady rise in world petroleum...

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