Recession On or Over?

[shortordercook]

Corporate America's profit engine may be running out of steam. Wall Street analysts, expecting two quarters of declining earnings, are banking on a second-half recovery to keep 2015 from becoming the worst year for profits since the last recession.

If profit across the board comes in at 1.7 percent higher, 2015 would the worst year for companies in the S&P 500 index since 2009, when earnings fell 5.5 percent.

http://www.reuters.com/article/2015/03/13/us-usa-results-companies-idUSKBN0M915R20150313

 

[shortordercook]

Much of this article interested me, but what might have mainly drawn my attention is this: Analysts have become increasingly pessimistic about energy companies, after a 55 percent drop in U.S. crude prices CLc1 since the end of June.

I realize gas prices to us all have been lower in recent times, but shouldn't gasoline and other oil products be selling at around $1.25/ gallon now!?