Higher Energy Prices in the Midwest
Thomas H. Klier, William Testa
It has been remarked that the Midwest enjoys two climatic seasons—winter and summer. Lately, at least one wag has characterized these two seasons by the particular fuel—natural gas or gasoline—that is pinching the pocketbooks of Midwest consumers. This Chicago Fed Letter reviews recent experience for these two fuels and measures the extent to which rising prices have been draining consumer pocketbooks in the Midwest.
