The Oil Shock Is Causing a $45 Billion Rupture in the Economy

1. 1. Americans are spending $45 billion more on gasoline and diesel due to the current oil disruption compared to a year ago.
2. 2. Surging energy costs are creating an economic divide, disproportionately burdening low- and middle-income consumers.
3. 3. Major oil and gas companies are reporting record earnings and increased free-cash flow amidst the rising energy costs.