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Group warns recession is here, energy prices, 2-day Fed meeting and more: Tuesday s 5 things to know

High gas prices leading American drivers to shift lifestyle habits

Lower gasoline demand and weaker oil prices have been driving gasoline prices down from the record high on June 14 when prices were above $5 per gallon.

US in mild recession, pull on energy prices will be greater as severity intensifies: Oil analyst

The Schork Group principal Stephen Schork weighed in on the economic landscape, arguing gas prices are starting to reflect demand destruction amid a "mild recession."

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