"Local economies are suffering as people spend more on fuel and less on consumer goods and travel"

This quote by Dan Lipinski speaks with the existing economic environment and the impact of rising gas rates on local economic situations. As gas rates increase, people are investing more of their cash on gas and much less on durable goods and travel. This has a direct result on regional economic situations, as individuals are not spending money on goods and services in their town. This can lead to a reduction in financial task, as companies might not have the ability to create adequate earnings to survive. In addition, local governments may not be able to create sufficient tax obligation profits to money necessary services. This can have a causal sequence, resulting in job losses and additional economic hardship. Inevitably, rising gas rates can have a substantial effect on local economic situations, and it is essential to take steps to minimize the impacts.