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Business & Economics

What If the Cost of Gas Went Up to $20 per Gallon?

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Summary
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76% Informative

Each penny increase in gas already costs U.S. consumers $1 billion annually .

A jump to $ 20 would add over $5,000 in fuel costs per driver.

The cost of goods would jump wildly across the board making basic necessities unaffordable to most people.

High gas prices would also have a ripple effect globally.