Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, April 7, 2012

$4 Gas Really Isn't that Big of a Deal

$4 Gas Really Isn't that Big of a Deal

Brian Sullivan, CNBC
Okay, okay. Catchy headline aside, $4 gasoline does matter to many people. Gas prices are extremely regressive. They impact the poor much more than anyone else, especially when their gas need is what economists call "inelastic" which is just a fancy word for something where demand doesn't change based on price.

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