I saw an expert on Cavuto a while back say one storm in the Gulf and you’ll see gas at $10 a gallon. I wonder what the price has to be for minimum wage workers to say, “That’s it. I can’t afford to go to work”.
I already have people turning down jobs 15 miles from home that pay $15 because, after gas, they don’t think it’s worth it.
You bring too light a very dangerous fiscal disaster on the horizon. Welfare rolls are cheaper than “pay-roll’s” for the low income sorts that “WERE” working for their role in the economy.
Oil goes up on any excuse now. If a Saudi prince takes a shit, oil goes up.