The state’s average petrol price is $ 3.94, approaching $ 4 almost everywhere, but this price is just the first ripple in a wave of price increases that could impact everyone’s budget. .. Do you do people? “Milwaukee driver Christina Sullivan asked. Soaring gas prices are felt far beyond pumps. Gas prices are now over $ 4 nationwide, and spots around Milwaukee are seeing rising costs for shippers, delivery services and manufacturers, from food to travel to all consumer goods and services. It affects the price of everything. Are you considering an additional $ 1,000 a year for your household beyond the price of gas? “Beyond the price of gas,” Kent Wenscott, a WISN 12 news reporter, asked. James McGibany, chairman of the Faculty of Economics at Marquette University, said an increase of more than a gallon over the past year in pumps in Wisconsin had a significant spillover effect. For the average person, McGibany would be between $ 1,500 and $ 2,000 for rising gas prices alone. In addition, it will be an additional $ 1,000 due to additional inflation added to grocery invoices and the like. ” To see higher prices as a result? Weinscott asked. “Honestly, everywhere,” Sullivan said. “The spillover is really hitting everything.” Gov. Tony Evers told Congress on Tuesday that “Wisconsin citizens can’t wait for bailouts. They need help today,” and called on the 18-cent federal gas tax to be suspended until the end of the year. It doesn’t reduce driving, so start looking for other savings. “Are you cutting somewhere in your budget instead of cutting driving?” Weinskott said, “Yes, it’s like luxury goods in economics.” “The question is when will they start cutting other purchases?” Economist Weinskott said it’s likely to be travel, entertainment, recreation, etc., but transportation is essential for many. He said it wouldn’t be in a gasoline pump, at least in the short term. First reduce other areas.
The state’s average petrol price is $ 3.94, approaching $ 4 almost everywhere, but this price is just the first ripple in a wave of price increases that could impact everyone’s budget. ..
“This literally affects everything, so what can an individual do?” Asked Milwaukee driver Christina Sullivan.
Soaring gas prices are felt far beyond pumps.
Milwaukee driver Andrew Kazlauskas said, “It’s like all the trends? Prices are rising and inflation. That’s our current situation.”
Gas prices are now over $ 4 nationwide, and spots around Milwaukee are seeing rising costs for shippers, delivery services and manufacturers, everything from food to travel to consumer goods and services. It affects the price of things.
“Can we expect to exceed the price of gas and add $ 1,000 a year to our households?” Asked WISN12 news reporter Kentwenscott.
“Beyond the price of gas,” said James McGibany, Dean of the Faculty of Economics at Marquette University.
According to McGibany, a Wisconsin pump with an increase of more than a gallon over the past year has a significant spillover effect.
“For the average person, rising gas prices alone would be between $ 1,500 and $ 2,000, and additional inflation added to grocery bills and the like would add another $ 1,000. Let’s do it, “said McGibany.
“Where do you think you’ll see higher prices as a result?” Weinscott asked.
“Honestly, everywhere,” Sullivan said. “The spillover is really hitting everything.”
Governor Tony Evers told Congress on Tuesday that “Wisconsin citizens can’t wait for bailouts. They need help today,” and called on the 18-cent federal gas tax to be suspended until the end of the year.
But despite soaring gas prices, many can’t reduce driving, so they’ll start looking for other savings.
“Instead of reducing driving, are they cutting somewhere in their budget?” Weinscott asked.
“Yes, it’s like what we might call luxury goods in economics,” McGibany said. “The question is when will they start cutting other purchases?”
Economist Weinskott said the potential for travel, entertainment and recreation is high.
It won’t be in a petrol pump, at least in the short term, as he said transportation is essential for many.
They first reduce in other areas.
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