^ just wonderingHow is the cost of gas changing America鈥檚 economy?In several ways:
- The amount of money consumers have to spend on gas increases which means that they have less money left to buy durable goods
- The consumers will reduce the consumption of gas, by moving to public transportation, bicycles, carpooling...
- Higher gas prices incites industry to put money into research for more fuel economic cars, electric cars...
- More dollars than before flow out of the country as the US as a whole has to spend more on oil. Foreign receivers of dollar can invest them only in the US, by buying US bonds and property.
