Why Didn't $4 Gas Kill the Economy in 2014

ZH: WSJ Sounds The Alarm: "There's No Getting Over" Gas At $4 A Gallon

From the chart below, it looks like California raised gas taxes. Quickly confirmed by a search: California's gas tax goes up today. Here's what you need to know
A state gas tax increase of 12 cents per gallon kicks in today, and while the immediate impact will mean less money in motorists’ wallets, the long-term political fallout could roll into next year, when the higher levies are expected to be an issue in elections across California.
Higher prices may eventually weigh on the national economy, but Little Venezuela has a self-inflicted gunshot wound in its foot.

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