New York (CNN Business) Editor's Note: This story is part of CNN Business' Nightcap newsletter. There's good news and bad news on the gas prices front. The latter happens when consumers start pulling back because prices have risen too much and individual budgets are strained. That's what appears to have happened this spring, as Americans watched gas prices soar above $5 a gallon and overall inflation top four-decade highs. "This morning's market action has recession worries written all over it," wrote Peter Boockvar, the chief investment officer at Bleakley Advisory Group.

Source: CNN June 23, 2022 02:39 UTC