This post was cross-posted from the DMIBlog and written by DMI Director of Research Amy Traub
Just about every politician out there would like to find the quick fix for the soaring gasoline prices that are straining the budgets of America's current and aspiring middle class. We know a gas tax "holiday" a la John McCain won't have any real impact on consumers. We know a miscellany of proposed new locations to drill for oil won't help for years - if ever. And while those stimulus checks may have been somewhat useful in offsetting the prices at the pump, Americans facing hard times also need the cash to pay for the rising price of everything else under the sun. So the question remains: how are we going to get to work today - and tomorrow - without the cost of the commute eating a huge chunk out of the paycheck?