Oil Is Around $91 A Barrel, Here’s How It Effects Us
Posted By thestatedtruth.com on December 23, 2010
The recent jump in crude to around the $91 area has wiped out virtually the entire benefit from the just passed payroll tax “stimulus”. That’s just oil mind you, we haven’t even talked about the food inflation yet.
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For every cent rise in gasoline,  the country loses $600 million in consumer buying power…….
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And ….Every $1 rise in oil will reduce U.S. GDP by $100 billion!
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