(Save the date: RealShareApartments comes to the Westin Bonaventure, LosAngeles, October 24.)
LOS ANGELES-Oil/gasoline prices have risen sharply over the lastseveral months, and with no end in sight to the political turmoilin the Middle East, the upward trend is likely to continue. So saysthe 2012 Casden Multifamily Forecast from theUniversity of Southern California LuskCenter for Real Estate.
According to the report, California currently has thesecond-highest gas prices in the nation, at $4.33 per gallon—thenational average stands at $3.83 per gallon, up 17% since the startof 2012. And economics believe that every 25 cents of increase ingas prices lead to a reduction in economic growth of roughly 0.2percentage points, according to the report.
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