This is but one of the mechanisms by which the Iran war could trigger a recession. Once higher fuel prices start to drive up prices for everything else spending will further erode and eventually we get to a point where the math no longer works to keep a bunch of companies in the black, layoffs begin, etc.
MajesticBread9147 on
Thank god I live 20 minutes/7 miles from work.
Although we could look on the bright side, maybe this could be the absolute dumbest and least efficient way of getting Americans to buy more EVs, and reconsider public transit and walkable cities in more areas.
AmyWilliamse on
Energy costs ripple through the entire economy when gas goes up, it’s not just fuel, it’s groceries, shipping and everything in between. No surprise spending drops first.
Super_Mario_Luigi on
“I’m not going to buy groceries or go out this weekend because gas prices are what they were a few years ago.”
4 Comments
This is but one of the mechanisms by which the Iran war could trigger a recession. Once higher fuel prices start to drive up prices for everything else spending will further erode and eventually we get to a point where the math no longer works to keep a bunch of companies in the black, layoffs begin, etc.
Thank god I live 20 minutes/7 miles from work.
Although we could look on the bright side, maybe this could be the absolute dumbest and least efficient way of getting Americans to buy more EVs, and reconsider public transit and walkable cities in more areas.
Energy costs ripple through the entire economy when gas goes up, it’s not just fuel, it’s groceries, shipping and everything in between. No surprise spending drops first.
“I’m not going to buy groceries or go out this weekend because gas prices are what they were a few years ago.”
“A study said so. Therefore, it is law”