Friday, April 29, 2011

More on inflation: Gas

24/7 Wall Street listed the 10 states where people can't afford gas. They looked at average price of gas, median income, unemployment, and poverty levels.
As someone who rides a bicycle, I gotta admit that I can't really afford gas either.
Gas prices cause people to postpone vacations and defer daily expenses. Construction companies will suspend some of their activities. Businesses that deliver goods to homes or other businesses will try to raise their prices to offset their costs of transportation. Some of the states on this list barely made it out of the recession, if they did at all. Some still have double digit unemployment and high poverty levels. The sharp rise in gas prices becomes more severe each day. This is something that a portion of the population simply cannot afford.