Gas prices keep going up. That's not really big news, is it? Along with gas prices, grocery prices and other goods are also going up. Everything has a direct correlation with gas prices since transportation of goods depends on fuel.
Whether goods are shipped by truck, train, river barge, or plane, fuel is involved. How has this impacted you?
I can tell you now, it's impacted a lot of my purchases. Because I have to spend more for gas, I spend less on groceries, paper goods, and other things. In that sense, the high gas prices have actually slowed economic recovery since gas isn't figured into the equation -- only consumer goods are.
If millions of people across the country are doing what I am doing, then spending at retailers has dropped and will continue to drop as gas prices go up.
For nutrition, this means more people will be eating some less nutritious food simply because they can't afford to buy anything else. They will be purchasing cheaper, less quality paper goods, too. Families will reassess their budgets to see what they can cut. Entertainment and new clothes or shoes will probably be the first to go in order to simply keep food on the table and a roof over their heads.
This could also lead to folks dropping their internet, phone, cable, or satellite services just so they can afford to pay the electric and water bills.
Gas prices affect everything.
