Does anyone have information regarding the dollar drain on the consumer sales economy due to high fuel prices? The fuel stocks are maintaining the market stock highs and profits of Wall Street. Why doesn't the recent monthly inflation rate reflect the increased cost of fuel? Will summer tourism be reduced due to the high cost of fuel? I noticed less cars traveling on the roads.
Dollar drain on the economy due to increasing price of fuel? Should we have a windfall tax on corporate fuel profits?
byu/Hope-Work-Play-Fun ineconomy
Posted by Hope-Work-Play-Fun
1 Comment
Approximately 360 gallons/day. Current increase is about 1.50/ gallon so right now about additional 540 million per day. You will see Epstein files before you get windfall oil tax.