Showing posts with label rising fuel costs. Show all posts
Showing posts with label rising fuel costs. Show all posts

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.

Thursday, April 21, 2011

Chinese police beat striking truckers

(Reuters) - A two-day strike over rising fuel prices turned violent in Shanghai on Thursday as thousands of truck drivers clashed with police, drivers said, in the latest example of simmering discontent over inflation.

About 2,000 truck drivers battled baton-wielding police at an intersection near Waigaoqiao port, Shanghai's biggest, two drivers who were at the protest told Reuters.

The drivers, who blocked roads with their trucks, had stopped work on Wednesday demanding the government do something about rising fuel costs, workers said.