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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 consume
by shrubble 7mo ago
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.
- nojvek 7mo agoYes. But without new money in economy, that $50B is not being spent elsewhere. So Oil barons getting rich, at the expense of everyone else. “Make America Feel Poor Again”