White House says drop in oil price helps U.S. economy
By Reuters
Jan 05, 2015 10:04 PM EST
Regions
White House Press Secretary Josh Earnest pauses while answering a question about North Korea in the Brady Press Briefing Room at the White House in Washington, December 18, 2014. (Photo : Reuters)
U.S. officials monitoring the recent drop in oil prices believe the dip so far has been beneficial for the U.S. economy, White House spokesman Josh Earnest said on Monday.
U.S. average gasoline prices have fallen below $2 per gallon in much of the country. That has boosted U.S. car sales and other areas in recent months.
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