Democrats have decided to put a new rhetorical emphasis on rising gas prices. Those in the bottom 20 percent of income-earners will pay three or four times more in higher gas prices than they’ll get back in tax cuts. Those in the next highest quintile of incomes will see a wash — getting back about as much as they pay in higher gas prices. And all of this is true even if gas prices don’t continue to rise. Then we multiplied that by the change in gas prices from the most recent week to the week of Trump’s inauguration.
Source: Washington Post May 22, 2018 19:30 UTC