Friday, October 17, 2014

US consumers paying the least for gas in nearly 4 years

 - by New Deal democrat

This post is up at

The best way to look at this is,how much of their disposable income do US consumers have to spend on gas?  When gas prices go up, consumers have less to spend on everything else, and according to research performed by UCSD Professor James Hamilton, if there is a sharp spike, consumers tend to cut back spending by about $2 for every $1 more they spend paying for gas.

Conversely ....