The United States consumes about 150 billion gallons of gasoline per year. Prices are higher by about $1 in the last year. That means that the entire benefit of the federal "stimulus" payments to American taxpayers will be enough to offset the increase in gas costs.
If the increase went to American producers, then it would at least recycle to some degree, but all the increase is due to the rise in oil prices. More than half of that now goes to foreigners.
What little stays home is going to large oil companies. Do you think that transferring billions of dollars of federal government money to them will offset the catastrophe in housing? I doubt it.
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