Seeing the Gas-Price Rise as Permanent

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Gasoline is the rare commodity whose price sometimes declines. That’s surely one reason why rising gas prices are especially painful for Americans. If you have fresh recollection of a price coming down, it seems all the more unjust when it’s going up. As recently as last summer, gas prices were falling, from an average of $3.15 for the month of May to under $2.80 in August.

Will consumers be happier if gas prices go up and stay up? They expect to get a chance to find out, judging by a new Gallup poll.

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