Will the increase in Gas and Oil prices stall any signs of a recovery in retail sales, consumer confidence?

How can it not drive up the cost of goods and services,and take away from travel ,and Restaurants again?Also with credit limits having been dropped excessively by Credit Card Companies and increased fees , Do you think the consumers are apt to cut back considerably on spending if Fuel prices gets astronomically high again?Will the increase in Gas and Oil prices stall any signs of a recovery in retail sales, consumer confidence?
you can count on it. The high oil and gas prices since Hurricane Katrina is what caused the economy to go to h e l l. When the gas prices rose, and families knew that they had to have gas to get back and fourth to work, they had to stop spending on purchases, because the high price of gas took all the extra they had. No one in politics have yet to acknowledge this fact.Will the increase in Gas and Oil prices stall any signs of a recovery in retail sales, consumer confidence?
The high costs are the first signs of a weakening dollar and rising inflation. As the economy finally picks up (it hasn't finished shrinking yet) it will only drive the costs higher and those higher costs will temper any recovery.


A little comparative pricing; at it's peak oil was $147 a barrel with gasoline topping out at $4.20 a gallon locally. Now oil is at $64 a barrel with gasoline at $2.46 a gallon. If oil were to rise to $147 a barrel again that would bring gasoline prices up to $5.83 a gallon. Comparatively gasoline is now 40% more expensive than a year earlier.
We had tea parties only a few weeks ago...now if only we could get this same amount of people to boycott gasoline for 1 week this summerit might get the point across.But imigine if a nuclear weapon were used in the Middle East gas could go to 10.00 a gallon!!
Yes as transportation costs make everything go up in price, as well as consumer isn't as wiling to drive as far to part with what BArack has left them to spend.
If Price of gas gets high enough folks will drive less. As for me will continue to ration my driving time and park it 3 times a week.
It is possible
im in retail. sales have never been worse