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Rising gasoline prices take an estimated $75-100 billion out of consumer's pockets in 2011. This is offset by $112 billion added by the payroll tax cut in 2011. Increasing job growth with 750,000 jobs added in 2011 by April 2011 also offset the rising gas prices with more consumer spending dollars.
Grouped Articles
Gas is about to fall below $3 a gallon for first time since 2010 - The Washington Post
Washington Post 11.01.2014
Why Gas Feels Cheap—and Why It’s Not, Historically Speaking
Wall Street Journal 01.04.2015
Retailers Can’t Gas Up on Oil Savings
Wall Street Journal 05.14.2015
In Consumer Behavior, Signs of Gas Price Pinch
New York Times 05.17.2011
Americans Are Cautiously Open to Gas Tax Rise, Poll Shows
New York Times 02.28.2006
Abroad at the Pump, Circumspection by the Barrel
New York Times 05.07.2006
Detroit Is Feeling Less Pain at the Pump
Wall Street Journal 02.25.2012
Wall Street Journal 04.16.2012
Hopes for a Turnaround Grow Dimmer as Worried Consumers Save, Don't Spend
Wall Street Journal 08.01.2012
U.S. Oil Boom Falls Short of Pump
Wall Street Journal 10.14.2012
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