>Govt: Gas prices 2nd highest level ever:
>
>http://story.news.yahoo.com/news?tmpl=story&u=/nm/energy_gasoline_price_dc
>
>Good thing? Bad thing? "A little bit o' both"?
Good if it discourages consumption. Bad if it screws the working class.
Last year, Wal-Mart was saying that high gas prices were costing their average customer $7 a week, which was enough to depress sales noticeably. For most of last year and the first two months of this year, Wal-Mart sales growth has lagged the retail average - and that gas pinch has something to do with it.
Doug