Interesting, eh?
“People are realizing that they might be back to spending $50 to fill their tank instead of $80,” said Emma Rasiel, a professor of economics at Duke University. “It is the main signal consumers notice on inflation. It is the one thing they are likely to track, how much it has gone up or down, because every week they need to fill up their car.”…
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While the high cost of gasoline over much of the past year was a major factor in the crushing inflation that hit the United States and other countries, the dip in fuel costs is doing little to stabilize the economy. Manufacturers that rely on large amounts of fuel need to see sustained low prices for months before they adjust the costs of the products they sell, analysts say. And drivers in some parts of the country are benefiting significantly more than in others. Californians are still paying an average of almost $5 for a gallon of regular…