Yesterday,an Associated Press radio news broadcast relayed data which demonstrated that a 1-cent change in the retail price of gasoline impacts the U.S.economy to the tune of $4,294,117 each day.
The $0.17 drop (a 5% change) in the price of gas in the last month is saving $73,000,000/day.
*$511,000,000/week
*$2.19-billion/month
*$26.645-billion/year
Increasing mpg is the same as lowering the price of fuel.If we had a bunch of basjoos-mobiles plying the interstates and highways you can imagine the economic implications to the economy.
