I'm sure losing another $20B on top of the war costs and housing bubble bursting won't have any serious impact on the booming economy. These are the golden years for Big Oil.
The jump in U.S. gasoline prices this year has so far drained consumers of an extra $20 billion, or about $146 for each passenger car in the country, the Government Accountability Office told Congress on Tuesday.
The national price for regular unleaded gasoline hit a record $3.22 a gallon this week, and is up $1.05 since the beginning of February, according to the Energy Department.
The added expense is taking money away from consumers to spend on other goods and services.
