IMF argues that rising gas prices are "progressive" because wealthier households spend a greater proportion of income on gas. But the result is entirely driven by Europe cases where gas prices are twice U.S. levels and the poor use public transport more.

IMF argues that rising gas prices are "progressive" because wealthier households spend a greater proportion of income on gas. But the result is entirely driven by Europe cases where gas prices are twice U.S. levels and the poor use public transport more.imf.org/en/Publications/WP/I…