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04/30/2006

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an in 1981. Since a typical family has a higher real income than it did 25 years ago, the burden of high gas prices is easier to bear now than at that earlier time. The higher price will pinch for families who commute long distances to work in their SUV's, but the price of gasoline does not have a major effect on the many poor families who take public transportation to work. Most of the other economic consequences of higher gas prices are beneficial to a world concerned about an over-dependence on Middle

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