Cost of oil decontrol: $2,667 per household

Lifting federal price controls on oil has cost the average American household Economic Committee study. The poor have lost 8.9 percent of their income compared to 4.2 percent for the average household, the study said.

But the committee's ranking Republican, Rep. Clarence J. Brown of Ohio, said the staff study was flawed. He said that under oil decontrol, prices have been coming down. ''How can that be bad for the poor?'' he asked.

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK