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From a consumer's standpoint, increasing costs reduce
Posted on: August 17, 2018 at 14:17:59 CT
JeffB MU
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disposable income.
Maybe they don't go out to eat as often, or don't buy the newer, bigger home... or the boat, or the other consumer items.
In general, rising fuel prices hit the brakes on an economy... and that is true, whether the oil is produced domestically or in foreign countries.
and a 68% rise in 2 years is a lot more than we have seen with wages, homes, food and so on.
Maybe they don't go out to eat as often, or don't buy the newer, bigger home... or the boat, or the other consumer items.
In general, rising fuel prices hit the brakes on an economy... and that is true, whether the oil is produced domestically or in foreign countries.
and a 68% rise in 2 years is a lot more than we have seen with wages, homes, food and so on.
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From a consumer's standpoint, increasing costs reduce - JeffB MU - 8/17 14:17:59