Tuesday, March 20, 2012

Purchasing power for Americans drop another $50 billion as gas prices reach $4 a gallon

In a previous post, the Daily Economist showed you how for every .10 cent increase in gas prices, Americans lose $25 billion in discretionary income.  Well, as of March 20th, we can chalk up $50 billion that will now be siphoned from desired us by the common American into gasoline purchases because the average price has risen .15 to $4.00 a gallon.

Chart courtesy of Bloomberg


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