About rising gasoline prices

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Some fiance experts advise consummers not to worry about rising gasoline prices, the cost of which can easliy be covered by foregoing one takeout meal a month , but not worry about high energy prices will afect the rest of the economy. For example, each dollor-a-barrel price increase is equivalent to a $20 million-a-day "tax" on the economy. Explain what it means?

Reference no: EM131352821

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