Big Oil to the rescue for tapped out consumers
The Kansas City Star
Uncle Sam won’t be any help to consumers this year with payroll taxes going back up.
Where people may get some relief is at the pump. Gasoline prices are expected to be lower this year than last, peaking at $3.60 to $3.80 a gallon, AAA Chief Executive Officer Robert Darbelnet said Tuesday. He told Business Insider that it should translate to billions of dollars in tangible household savings.
So what President Barack Obama and Congress took away to help the country avoid the so-called “fiscal cliff,” Big Oil gave as a gift to consumers. Gasoline prices topped out at $3.94 a gallon in April 2012.