Rising Gas Prices Have Huge Psychological Effect On Consumers | Neon Tommy
"Rising Gas prices affect not only our wallets, but they also affect our minds. Psychology plays a key role in the way consumers react to rising gas prices.
When gas prices rise, the price of everything else rises along with it. The cost of things people buy every day, like groceries, rises, and the increasing costs of vacations and family visits start to become too much for many families to be able to pay on a limited budget. Perhaps the hardest for consumers to stomach is the rising cost of transportation to and from work.
When it costs more to get to work, take-home earnings go down. It’s like taking a pay cut. So a guy earning $15 per hour on Monday only makes $14.75 per hour on Tuesday because his local gas station raised the price by 25 cents overnight. What can he do about it? Not a damn thing.
I guess Republicans would tell him to be thankful he even has a job, and Democrats would tell him to buy a $30,000 hybrid vehicle. Neither pieces of commentary would likely help him at all".
Comment.....I have been saying the same thing for the past 3 years. This Morning I paid $3.91 and the effect is has on me is anger. Its like you and I know the price is too high. They know the price is too high and what they are doing to the public. No one cares...Its almost like I can hear Washington and OBAMA saying screw the American people.
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