By Bill Damsky
The pain at the pump is not just about the price of gasoline. Yes, gas prices vary by state, but there are other factors in each state which determine just how harmful a hike in gas prices is to the local economy.
So MarketWatch took a look at different states, measuring the median income, the rate of employment, plus the average gas price and decided on the top 10 states where a price hike at the pump will hurt the most.
If you do business in Iowa, Ohio, North Dakota, Florida, Kentucky, Michigan, North Carolina, West Virginia, Indiana or Alabama, you may want to take a look. The article concludes that higher gas prices could send localities in Alabama or West Virginia, back into recession.
See MarketWatch.
Source: MarketWatch
Photo: Reuters via MarketWatch
You missed Illinois. These gas prices are hurting the automotive aftermarket business.M