Rising oil prices hit low-income communities hardest
Global oil market disruptions are driving up fuel costs that disproportionately burden South Side residents and other low-income communities.
People rely on oil for transportation, industrial production, agriculture and everyday products, so rising fuel prices are increasing economic strain—especially for residents of the South Side and other low-income communities. Because oil is traded in an interconnected global market, disruptions abroad are felt locally; Alberto Lamadrid, a professor of economics, is cited in the article.