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Something very unusual is happening in the U.S. economy. Traditionally, workers lose buying power to rising prices. But lately, paychecks and prices have been heading in opposite directions.
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With gas prices plunging below $3 a gallon, motorists have plenty to celebrate. But people in oil-producing states, where low prices mean fewer jobs and less government revenue, are starting to worry.
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All around the country, drivers are seeing signs that gas prices are depressed. Those drops helped hold down the latest consumer price index. But economists worry about too much of a good thing.