Jul
01
Higher Oil Prices Will Cost the Average American Family $440 This Year
By-
Gasoline hikes will cause consumers pain, but not the economy
- Tax cut “compensates” upper-income earners for high gas prices
The average American household will have $440 less to spend this year due to rising pump prices, putting at risk one-third of the windfall they got from tax cuts.
Strong oil prices drove the cost of U.S. gasoline to the highest level in more than three years last month, according to AAA, and pump prices are now 27 percent higher than they were a year ago…
Higher Oil Prices Will Cost the Average American Family $440 This Year
