She has looked into taking public transportation to work instead of driving, but that would add time to her already hourlong commute. Sandy Ramos, 24, who lives in Cerritos, Calif., says much of the money she makes at her part-time job as a research and development engineering intern now goes to food and gas. “I’ll just have to administer and budget my money more if I want to keep having a decent lifestyle.”
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“If I have to spend more to go to work, then I’ll do it,” he said. López said he empathized with Ukrainians, but lamented that the conflict overseas was also affecting working-class people in the United States. “If I stop spending money on a restaurant, they’ll get less income and people could lose their jobs.” “It’s sad that if I stop going to a restaurant, a toxic cycle will be created,” said Mr. López said this time felt different because he wasn’t seeing a stop to the climb when he filled up the tank of his 2008 Ford Expedition. Since moving to the United States from Torreón, Mexico, in 2007, Jesús López, 36, was used to gas prices rising steadily for a few days, but eventually coming back down. They said the higher prices had already caused them to cut back on expenses and small pleasures like going out to eat.įor many, the high prices are another hurdle frustrating their efforts to return to normalcy after the pandemic.
HIGH THOUGHTS MEME DRIVERS
That perception is an increasingly dark one, according to drivers interviewed filling up on Monday. Gasoline accounts for only a fairly small share of consumers’ overall spending, but because gas prices are so visible - posted in giant numbers alongside every highway in the country - they have an outsize influence on people’s perceptions of inflation and the economy. “The long-term impact should be somewhat minimal,” Mr. Some people will be able to draw on savings to partly cushion the blow, he said. Morgan, said he expected consumer spending to slow over the next few months as Americans pay more to fill up their tanks. But figuring out the impact on each country or business is difficult. Russian Oil Ban: The European Union’s embargo on most Russian oil imports will leave no part of the world untouched.And it is not clear that anything else he might do would work, either.
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