Gas cost creates holiday road block

House-hold sav-ings rates are high and un-em-ploy-ment is low, two fac-tors that can help peo-ple with-stand high gas prices.?

US households have accumulated tremendous amounts of wealth since the pandemic began, with broad-based gains across income groups. On the income side, lower-wage industries have experienced the greatest wage increases and lower-income households appear to have substantially higher deposit balances than they did before the pandemic, likely due to the many fiscal stimulus measures and this strength in wages. The caveat is that for the lower income group, the share of spending on gas and grocery and is higher, thus the risk from higher inflation greater. Should gasoline prices remain elevated for the foreseeable future, they will eventually bite into consumers' purchasing power despite strong balance sheets.

With the increase in gas prices and high travel volume this holiday weekend...Here are some tips to lower your gas usage. From a business standpoint, having unnecessary weight in or attached to the work vehicle will make a difference in your gas usage. Have a great Memorial Day weekend and travel safe everyone!

Wow, $4.60 a gallon.. who saw this coming? #gasprices