Higher gasoline prices shouldn’t be so bad, James Surowiecki seems to say: “Gas is a relatively...

|By:, SA News Editor

Higher gasoline prices shouldn’t be so bad, James Surowiecki seems to say: “Gas is a relatively small percentage of most household budgets, and prices are now about $0.85/gallon higher than they were 12 months ago, which translates into a few hundred dollars more a year... It’s less than the increase in income that most Americans will get this year as a result of the new payroll tax cut.”