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Oil prices have dramatically dropped to levels not seen since 2004. This week, the price of a barrel of oil traded below $30, down more than 60 percent from the recent highs in June 2014. For consumers, that's translated into a little money in their pocket: the average price of gasoline is $2.00 a gallon. So, cheap oil is good, right? This week on Money Talking, Rana Foroohar with Time Magazine and Gregory Zuckerman with the Wall Street Journal review the good, and the bad, about low oil prices and what it means for the economy in 2016.
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Oil prices have dramatically dropped to levels not seen since 2004. This week, the price of a barrel of oil traded below $30, down more than 60 percent from the recent highs in June 2014. For consumers, that's translated into a little money in their pocket: the average price of gasoline is $2.00 a gallon. So, cheap oil is good, right? This week on Money Talking, Rana Foroohar with Time Magazine and Gregory Zuckerman with the Wall Street Journal review the good, and the bad, about low oil prices and what it means for the economy in 2016.
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