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

  1. My Esoteric profile image88
    My Esotericposted 23 months 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%?