Rising oil prices could stall US states' recoveries

Rising oil prices could trample prospects for economic recovery in many US states, three governors warned on Sunday, as a leading economist said they also threaten the country's economic comeback.
"Oil prices - I hope don't go any higher," said Indiana Governor Mitch Daniels, a possible contender for the Republican presidential nomination in 2012. "But everywhere now one hears there's more than a minor risk they're going to go a lot higher."
A spike could freeze business investment and consumer spending, he said during a meeting of the National Governors Association.