Frustrations are growing as Americans are feeling real pain at the pumps. The rising gas prices are a serious strain on an economy that is beginning to show small signs of recovery. Right now, the average gas price in Mississippi is $3.50 a gallon, and I don't think anybody would be surprised if that number continues to rise. Every time gas prices go up by one penny, that costs American consumers $4 million a day. Families in north Mississippi have been dealing with tight budgets for the last couple of years, and rising gas prices severely impact an already tightened family budget. We all know that ultimately gas prices will be passed on in higher prices to the consumer through higher transportation costs, increased costs of groceries and other commodities. When there is no extra money in the pocketbooks, there is certainly no padding in the family budget to accommodate this increase in the cost of living associated with higher gas prices. This problem is serious, and it needs to be addressed now. It needs to be addressed through exploring more domestic energy production.
Editor's note · Context
The speaker addresses the impact of rising gas prices on American families and the economy.
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