Does Middle Class benefit from Growth resulting from lower gas prices?

  1. My Esoteric profile image89
    My Esotericposted 2 years ago

    In the last month, the price of Oil has fallen almost 20%, from about $83/bbl to $65.99/bbl on Black Friday;  Unleaded gas prices have fallen almost in lock-step, ~15%, although the current prices do not reflect the latest $5 decrease in the price of oil.  If I did my math right, that is going to pump around an extra $4 billion into the economy's retail sector by Christmas. 

    How much of that do you suppose will trickle back down to the middle 40% and bottom 50% of the income scale and how much will stay with the top 10%?

 
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