income inequality
Gas Pains
Higher gas prices are inflicting real pain on lower-income families.
Commentators seem bemused by the intense political reaction to gasoline prices, which are up by about a dollar a gallon due to the war. No doubt the reaction is accentuated because gas prices are highly visible. People buy gas frequently and even more frequently see signs posting the prices. But to a greater extent than many in the upper income distribution appreciate, the actual economic pain is very real. Current price increases presumably won’t be permanent, but the problem isn’t going to go away quickly and might well get worse.
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