Wall Street Strategies submits:
By David Silver
Fuel prices continue to be on the rise, which shouldn't come as much of a surprise to anyone who's driven over the past month. Auto sales responded with a jump in fuel-efficient vehicles, but the best sign in terms of strength for the economy was the strength in crossovers and the fact that auto sales as a whole didn't fall off a cliff again.
Back in 2008, when gasoline was in the $4.00 range and oil was above $140 per barrel, auto sales began to tank. It seems to be different this time around, as automakers are better positioned to handle a gas spike similar to what we are seeing now. I am not saying (by any stretch of the imagination) that the automakers can handle this gas spike and see no adverse effect from it; what I am saying is that it won't be the first
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