The Boston Globe

Business

Boston.com

Oil continues its rise, threatening US growth

Associated Press

  February 17, 2012

The price of oil has surged 12 percent the past six weeks, pushed up by tensions with Iran, a cold snap in Europe and rising demand from developing nations. The surge is hitting home. Oil is raising the price of gasoline for American motorists. It’s also making diesel and jet fuel costlier for shippers and travelers. That could crimp already modest growth in the economy. “It’s an additional burden on already burdened households.’’ says Judith Dwarkin, Chief Energy Economist at ITG Investment Research.

Stay with the story. Get full access to BostonGlobe.com for just 99¢

Unlimited access to BostonGlobe.com for only 99¢ for the first 4 weeks. You can cancel at any time.

  • The FULL story all day: Enjoy all of the high-quality, in-depth journalism in the print edition of the Boston Globe — plus breaking news that's updated 24/7.
  • A truly reader-friendly format: It's online news that looks and reads just like the newspaper — uncluttered, uninterrupted.
  • Breakthrough technology: The responsive design automatically adapts content so it always reads perfectly on the digital device of your choice.
Get started today

Free access for home delivery subscribers.

Just need to link your home delivery account; one easy step.

Link my home delivery account

BostonGlobe.comSubscriber Log In

Contact us for help