Tuesday, February 28, 2012

Gas Prices Skyrocketing -- National Economy Sinks

The Prince William County Executive wants everyone to believe that the "Happy Days Are Here Again" with the economy, but the skyrocketing gasoline prices at the pump threatens to torpedo the economy and throw us back into the recession.

Higher gas prices have an immediate impact on families who rely upon their cars to get to work, for shopping, and to transport the kids to school and medical appointments.  When gas prices spike upward, families have to cut back on driving or on purchases they would otherwise make.  Typically, higher gasoline prices suck consumer's disposable income into paying for gas and reducing consumer spending on discretionary items that are the key to any economic recovery that may otherwise be possible.

Most important, higher gas prices make it far more difficult for families to afford the proposed tax increases in Prince William County.


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