High gas prices hurt economy, but low gas prices don't help much either
A new survey by Bankrate.com has found that 80% of Americans have not increased their discretionary spending despite gasoline price declines in the first half of 2013. Last year, elevated gas prices led 59% of Americans to decrease their non-essential spending. In 2011, when gas prices were also at elevated levels, 63% of Americans cut back.
Between late February and late April 2013, gas prices in many parts of the U.S. dropped by 30 cents per gallon (nearly seven percent). Currently, gas...
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High gas prices hurt economy, but low gas prices don't help much either
80% of Americans have not increased their discretionary spending despite gasoline price declines in the first half of 2013.
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