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sâmbătă, 23 iunie 2007

The impact for ordinary people at the Gas prices

Gasoline prices skyrocketed in the past few months as rising demand and shutdowns at U.S. refineries strained an already tight balance between supply and demand.
The nationwide average price of a gallon of regular gasoline was $3.164 Sunday, up 31 cents from a year ago, and 6 cents lower than the record high, not adjusted for inflation, hit May 24, according to motorist club AAA. Adjusted for inflation, the all-time high was set in March 1981 at $3.292 a gallon in today's dollars, according to the Energy Department.
The higher prices have had very little impact on the overall economy. Consumer confidence rose in May despite the surge in gasoline costs, and many retailers, such as Target, have posted strong sales in recent months. Although demand for gasoline has eased, it's still stronger than a year ago.
But for low-income households, the impact has been significant.
Misti Davison, 28, recently told her supervisors at SunBridge Care and Rehabilitation in Tuscumbia, Ala., that she's looking for a job closer to her home in Morris Chapel, Tenn. The activities assistant, who says she loves her job planning events at the senior center, has been driving 66 miles each way to work in her 1998 Nissan Altima. Davison makes $7.25 an hour.

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