"The net effect of the recent plunge in oil prices on the U.S. economy is more ambiguous than many realize."
"For a net oil importer like the United States, lower crude oil prices generally boost domestic economic activity. The decline of more than $1 in the average national price of gasoline over the last five months has saved the average household $250 – a boon for the holiday season! Since increased consumer spending provides more income for others, who then spend more themselves, the benefits for the economy are multiplied. Additionally, costs will be lowered for businesses across the nation, allowing them to invest more freely. Oxford Economics believes the positive effect of oil prices averaging $65 per barrel in 2015 (versus $99 per barrel in 2014) would be a 0.7 percentage point boost to real G.D.P. growth..."