Your Monthly Gas Bill - Up!

Your monthly gas bill! Good column from CNN. $$

So the amount households are spending to fuel up their cars is 9% of the family budget. And that's double from a few years ago.

Bottom line is that when folks are spending money on fuel, they are spending less at the stores. This is like a tax hike in Main Street.

And this is why President Obama is now talking about gasoline and Evil Big Oil companies non-stop. He knows 2012 is coming up quickly and he doesn't want to ignore this hot-button issue.

We are also seeing less demand for fuel. As costs rise, we cut back. Still, fuel prices are becoming a larger percentage of our budgets.

Oil shocks usually lead to recessions and stock market corrections. Is that what we are seeing take shape now?
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On the other hand, it's Saturday night and once again I am at the local Indian casino. No sign of a recession here. Maybe with a somewhat better economy, folks are spending a little more. At least at the slots!

I'm up a little. Taking a mocha break.