Gas prices are staying within the three dollar range, and experts say that the barrel of oil with not fall below $60.

 Slower consumer spending and rising unemployment – traditional harbingers of an economic downturn – are unlikely to drastically reduce energy prices. Oil isn’t expected to fall below $60 a barrel from its current level of $90 and gasoline should bottom out around $2.30-2.50 a gallon from around $3 currently, experts say. 

“That’s the floor, even in a global recession,” said Simon Wardell, an oil analyst at consulting group Global Insight. “The overall balance is going to remain pretty tight.”

 

 http://money.cnn.com/2008/01/21/news/economy/gas_prices_recession/index.htm?postversion=2008012213

 

“President Bush proposed a series of short-term tax cuts Friday that he said would provide a boost for the struggling U.S. economy.” President Bush has done so to keep a fundamentally strong economy healthy.http://money.cnn.com/2008/01/18/news/economy/bush_package/index.htm?postversion=2008012213