Blizzard Mania in The Northeast Costing Quite A Lot!
Boston is still digging out from close to five feet of snow in just the last few weeks. Snow removal alone has cost this city $30 million. And according to Planalytics, a weather research firm, the winter blizzards could be costing the nation $1 to $2 billion this year alone.
However, keep in mind, the Polar Vortex of 2014 cost the U.S. economy $15 billion. In fact America's economic growth was -2.1% for the first quarter of 2014. Projections for this quarter are more than 3%. Lower gas prices we've been experiencing help as well. In fact, drivers maybe saving $750 this year alone.