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Many Feeling Pinch After Newest Surge in U.S. Fuel Prices

Date: June 1, 2004
Author: Neela Banerjee
QUOTE: The [gas price] increases would have economic effects much like a new tax, a regressive one that falls particularly hard on those with the lowest incomes.

ABSTRACT: While American comsumers have been grumbling about higher gas prices over the past few months, those in the lowest income brackets are suffering a greater financial impact because they must pay a much greater percentage of their earnings for gasoline.

--- Nathan Hurst

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