The Mystery of the Missing Gasoline Savings

Based on geography and demography, the impact of plunging gasoline prices varies but it is likely that we are spending 80% of it according to JP Morgan.

Geography Matters

According to Harvard economist Ed Glaeser, big US cities deserve our attention. Rather like a ripple, first, as ports, they attracted commerce. Commerce led to more affluence. The affluence brought more people. The people wanted better education. Better education generated…