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Mellody Hobson is President of Ariel investments, a Chicago-based money management firm that serves individual investors and retirement plans through its no-load mutual funds and separate accounts.

Additionally, she is a regular financial contributor and analyst for CBS News.

For iPhone:

 

TOM: Good morning, Mellody!

MELLODY: Good morning, Tom!

TOM: This morning we are talking about lower gas prices, and that is welcome news.

MELLODY: it certainly is, Tom. After experiencing some of the highest gas prices on record in recent years, prices at the pump have dropped to their lowest levels in 5 years. That is not only a boon for all of us, but it is also likely to give our economy a boost as well.

TOM: That is great to hear, Mellody! Can you tell us what is causing prices to drop?

Money Mondays: Gas Prices Heading Downward Is Good News For The Economy  was originally published on blackamericaweb.com

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