Jan
05

Household Cash Flow

Every penny at the pumps drains $1.5 billion out of household cash flow. Gas prices at the pumps are $3.15/gallon, but back in September it was closer to $2.70/gallon. This is nothing more than a $60 billion annualized drag on U.S. households (absorbing half of the payroll tax relief). If gas prices ultimately go to $4/gallon, then this would siphon over another $100 billion into the gas tank.

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