Earlier today, I noted how Midwestern rain was pushing corn futures strongly upward, and added that this wasn’t even taking gas prices into consideration.
Well, here’s the gas prices story.
The rural south, Desert Southwest and High Plains are hardest hit. The story notes that, although nationally, people spend about 4 percent of their income on gas, that figure hits 13 percent in the Mississippi Delta.
Why? Because of the poverty there, obviously.
The interactive map shows the correlation pretty clearly.
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