Showing posts with label each 1 cent gas price increase means americans pay $1.42 billion more for gas. Show all posts
Showing posts with label each 1 cent gas price increase means americans pay $1.42 billion more for gas. Show all posts

Sunday, May 25, 2008

Scary Quote of the Day

Every one-cent increase in gasoline prices means Americans pay $1.42 billion more a year for gas, according to Stephen P. Brown, an economist at the Federal Reserve Bank of Dallas. Nearly two-thirds of that goes to foreign producers. - JAD MOUAWAD and MIREYA NAVARRO


From New York Times.