Is the Price of Gas the Only Economic Indicator that Matters?

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The average gas price in the U.S. is $3.81.
From and

Most economic indicators point to America being on the upswing in 2012. The stock market is up. Unemployment is down. And the strains in the global financial markets have eased. Yet 59 percent of voters rate President Obama negatively when it comes to the economy, according to a new Washington Post/ABC poll.

Could it be because of the one economic indicator that’s stubbornly not improving: gas prices?

Joe Nocera is a columnist for our partner The New York Times.