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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by Charles Kikas5 years ago
What can be done to lower fuel prices?
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