Gasoline - The Difference A Dollar Makes
For millions of upper middle class, and upper class U.S. consumers tacking on an extra dollar per gallon to the price of gasoline is no big deal, however, to the millions of working Americans who live from paycheck to paycheck the recent increase spells for financial hardship.
The Cost Of Everything Is On The Rise
A one dollar increase in the price of gallon of gasoline will effectively raise the price of everything else. Food prices are already on the rise. Inflation driven by higher energy cost will increase the cost of every good, and every service. Even when products aren't made with oil the price of oil will in some way effect the cost of that product. The cost of services are also effected directly, and indirectly by the cost of oil.
While upper middle class, and upper class Americans will chuckle at a one dollar increase in the price of a gallon of gasoline tens of millions of American families will be forced to find ways to survive.