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Falling oil prices = merrier X'mas
The US economy will receive a multibillion-dollar boost through the holiday season and into next year as Americans consumers get to spend more.
Add BT as a preferred sourcePublished Fri, Nov 14, 2014 · 09:50 PM
New York
AMERICAN consumers are going to enjoy a more bountiful Christmas this year, thanks in part to a most unlikely source: Saudi Arabia.
The steepening drop in gasoline prices in recent weeks - spurred by soaring domestic energy production and Saudi discounts for crude oil at a time of faltering global demand - is set to provide the US economy with a multibillion-dollar boost through the holiday season and beyond.
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