I understand that the impact to Americans is that for every penny increase in the price of a gallon of gas, averaged over a year, is about $1 billion in consumer spending . So if the average price goes from $2.99 to $3.49 , that’s 50 billion dollars.
10 comments
[ 3.3 ms ] story [ 27.8 ms ] thread[1] https://www.bls.gov/data/inflation_calculator.htm
So Oil barons getting rich, at the expense of everyone else.
“Make America Feel Poor Again”