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Higher Gas Prices Are Hitting Lower-Income Americans the Hardest

People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.

Talmon Joseph Smith
Author: Talmon Joseph Smith

Written by

Talmon Joseph Smith

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Consumer Behavior, Federal Reserve Bank of New York, Federal Reserve System, Income Inequality, Oil (Petroleum) and Gasoline, Prices (Fares, Fees and Rates), United States Economy, United States Politics and Government, US and Israeli Attack on Iran (2026)
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