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In the short term expensive gas does hurt the lower classes. In the long term, the need for every household to own and maintain at least one automobile is a muc
by jogjayr 8y ago
In the short term expensive gas does hurt the lower classes. In the long term, the need for every household to own and maintain at least one automobile is a much bigger drag on the finances of the poor than the well-off.
If higher gas prices lead to more efficient vehicles, and a shift to less driving and personal car ownership, it's a bigger win financially for poorer households than some cheap gas in the here and now. I also acknowledge that it's easy for me to say this because higher gas prices don't affect me much personally - I might feel differently if they did.