High gas and diesel prices like those we are experiencing now have sweeping negative economic effects on Americans. Beyond the financial hit at the pump, the economic harm is inflicted in many ways that may not be evident to most.
For example, prices for goods such as food, clothing, and household goods are higher than they otherwise would be since gas and diesel play an important role in supply chains. And there could be higher costs and reduced services for critical functions like police and emergency medical services because of their heavy reliance on fuel to carry out their duties.
Americans have recently experienced this firsthand as prices have skyrocketed. As of the week of September 12, retail prices for regular gasoline averaged $3.69 per gallon, 54% higher than when President Joe Biden took office in January 2021. Diesel prices are 84% higher, averaging just above $5 per gallon. And these are below the record highs we saw this past summer.
Who Gets Hurt From High Gas and Diesel Prices? There’s More Harm Than You Think.
- by: Daren Bakst and Rachael Wolpert
- 2022-09-24
- Source:
Daily Signal
- 09/26/2022
On a late night my friend and i were bored and wanted to take some pictures to try night photography. by Juan Fernandez is licensed under Unsplash unsplash.com
On a late night my friend and i were bored and wanted to take some pictures to try night photography. by Juan Fernandez is licensed under Unsplash unsplash.com
