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What You Should Know / August 20, 2011

money.cnn.com -- Meanwhile, gasoline prices -- which often fall one to two weeks after oil -- were at a national average of $3.59 a gallon Friday. Gas is likely to decline to around $3.50 a gallon in the next week, estimates Chris Lafakis, economist with Moody's Economy.com. That could be a good thing, he said. After all, lower gas prices give Americans more money in their wallets. At a time when sluggish consumer spending has been one of the biggest drags on the U.S. economy, that's a welcome change.

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