Tuesday, October 19, 2004

Higher Fuel Costs Starting to Hit Consumers

From NYT:
On Oct. 4, the average price of regular gas at the pump reached almost $1.94 a gallon, 2 cents above the price a week earlier and just 12 cents under its May high, according to the Energy Department.

This is not very bad just yet. If the gasoline prices stay above 2 dollars through the winter, coupled with high oil prices leading to increased heating bills, we may see some people, specially from the lower economic stratum, hurt by their oil and gasoline bills.

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