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High Gas Prices to Dent SD Growth

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Don Bauder, SAN DIEGO READER

Wednesday, March 14, 2012

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Families will spend $463 more on gas this year than last year, says Cunningham, and that will take 0.3% out of local economic growth. "A tipping point for recession may have already been breached," says Cunningham. But the effects will come with a lag. "It will take a few months for higher energy prices to really begin to put a drag on the economy," he says.