Financial Advisor comments on gas prices

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BOWLING GREEN, Ky. (WBKO) -- As Labor Day weekend continues, the question on everybody's mind is gas prices.

Currently in Bowling Green most gas pumps show $2.57 to $2.59 per gallon of unleaded gasoline.

A financial advisor spoke with 13 news about the sudden spike in prices at the pump and how long the impact may last.

Jeanne Fisher of ARGI says "a spike in gas prices of this magnitude can create a short term shock in the economy but only a sustained rise in gas prices will have a long term effect."

Fisher also says a rise in gas prices alone cannot kill economic growth and they also believe the economy can handle a more significant increase in prices.

"Because the price of crude oil still remains at historical lows, so to put it into perspective the national average gas price is still a full $1 lower for all of 2011, 2012, and 2013, says Fisher."

Fisher also says the experts believe the sustained climb may last longer than just the holiday weekend,



 
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