Oil at $125 would be “really a crucial tipping point,” pushing gasoline to $4 a gallon

Oil at $125 would be “really a crucial tipping point,” pushing gasoline to $4 a gallon, said Carl Riccadonna, senior U.S. economist at Deutsche Bank Securities Inc. in New York. “That would be the level where we start to significantly downgrade our economic projections,” Riccadonna said, including a 50 percent slash in his forecast for growth of about 3.1 percent in household consumption.Oil at $125 would be “really a crucial tipping point,” pushing gasoline to $4 a gallon, said Carl Riccadonna, senior U.S. economist at Deutsche Bank Securities Inc. in New York. “That would be the level where we start to significantly downgrade our economic projections,” Riccadonna said, including a 50 percent slash in his forecast for growth of about 3.1 percent in household consumption.