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Why many experts missed this: Cheap oil can hurt US economy

FILE - In this May 8, 2015 file photo, gas station attendant Carlos Macar pumps gas in Andover, Mass. The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 _ thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending. (AP Photo/Elise Amendola, File)WASHINGTON (AP) If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy.

Sat, 23 May 2015 09:15:15 -0400
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