GasBuddy Blog

GasBuddy News Article

votes

Soaring gas prices fail to slow consumer spending

The Washington Post -- Americans complained about higher gas prices last month, but it wasn't enough to stop them from shopping. The Commerce Department said retail sales rose 1.1% in February, on top of a 0.6% improvement in January that was bigger than originally estimated.

Read the Full Article

Submitted Mar 15, 2012 By: des7902

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Soaring gas prices fail to slow consumer spending	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

PDQBlues Champion Author San Diego Posts:7,074 Points:1,448,325 Joined:Jan 2009	Message Posted: Mar 16, 2012 9:47:36 PM Ignore PDQBlues Report Abuse That's for sure.
DanMtz Champion Author Oakland Posts:3,355 Points:1,243,325 Joined:Oct 2009	Message Posted: Mar 16, 2012 7:25:03 PM Ignore DanMtz Report Abuse That was last month.
albert2008 Champion Author Winnipeg Posts:7,352 Points:1,481,010 Joined:Sep 2008	Message Posted: Mar 16, 2012 8:26:40 AM Ignore albert2008 Report Abuse good for the economy
investmentdr Champion Author Cleveland Posts:4,029 Points:1,455,050 Joined:Sep 2008	Message Posted: Mar 16, 2012 8:25:27 AM Ignore investmentdr Report Abuse ever think they might be the cause
07skydriver Champion Author Ohio Posts:3,264 Points:983,290 Joined:Feb 2009	Message Posted: Mar 16, 2012 6:28:26 AM Ignore 07skydriver Report Abuse The economy is not as bad as the GOP would like you to believe.
Tacodan Champion Author Cincinnati Posts:2,324 Points:654,435 Joined:Apr 2011	Message Posted: Mar 16, 2012 6:16:36 AM Ignore Tacodan Report Abuse slows me down and I'm in the high 30's mpg
Caduceus26 Champion Author Jacksonville Posts:3,901 Points:763,360 Joined:May 2009	Message Posted: Mar 16, 2012 5:36:56 AM Ignore Caduceus26 Report Abuse Further indication that the economy is improving. inspite of higher gasoline prices consumer confidence is high and discretionary spending is on the increase.
dr047 Champion Author Cleveland Posts:2,597 Points:518,420 Joined:Aug 2010	Message Posted: Mar 16, 2012 5:06:47 AM Ignore dr047 Report Abuse The folks that drive cars that get 40 MPG have something left over to Buy Something.
WalRus49 Champion Author Boston Posts:4,075 Points:868,865 Joined:Nov 2010	Message Posted: Mar 16, 2012 1:44:07 AM Ignore WalRus49 Report Abuse More organized mayhem and pillage...........
UseLessGasFolks Champion Author Iowa Posts:5,451 Points:1,296,825 Joined:Jul 2007	Message Posted: Mar 16, 2012 1:31:30 AM Ignore UseLessGasFolks Report Abuse An interesting twist.
dave27johnson Champion Author Chicago Posts:1,788 Points:409,345 Joined:Feb 2012	Message Posted: Mar 16, 2012 12:35:20 AM Ignore dave27johnson Report Abuse "Several factors have helped buffer Americans’ budgets. A big contributor — and also one of the most unpredictable — has been the relatively mild winter, analysts said. That has reduced many families’ heating costs and balanced out the rise in gasoline prices. It also has spurred jobs in construction and even inspired shoppers to work on their yards, helping to boost sales at building and garden stores by 1.4 percent in February."
el_fr Champion Author Massachusetts Posts:3,342 Points:745,675 Joined:Apr 2011	Message Posted: Mar 15, 2012 11:31:11 PM Ignore el_fr Report Abuse Just wait a month
CVA19 Champion Author Salem Posts:2,393 Points:609,575 Joined:Aug 2011	Message Posted: Mar 15, 2012 10:07:52 PM Ignore CVA19 Report Abuse Let's see... 1. Fuel prices rise 2. Everything that moves by plane, train, truck, or boat costs more to ship 3. Retail prices rise 4. Consumers spend more to buy the things they need 5. Hence, "Soaring gas prices fail to slow consumer spending" DUH!
lesndave Champion Author Texas Posts:3,042 Points:701,380 Joined:May 2011	Message Posted: Mar 15, 2012 9:38:28 PM Ignore lesndave Report Abuse Great point dhdiesel
esq262 Champion Author Asheville Posts:2,907 Points:648,715 Joined:Jul 2011	Message Posted: Mar 15, 2012 9:28:16 PM Ignore esq262 Report Abuse It has slowed my spending.
TomT2Lee Champion Author Cincinnati Posts:5,357 Points:1,597,980 Joined:Sep 2005	Message Posted: Mar 15, 2012 9:18:38 PM Ignore TomT2Lee Report Abuse Why should consumers slow down, the federal government has not slowed down their deficit spending.
bwatchingu Champion Author Arkansas Posts:1,740 Points:601,520 Joined:Jan 2009	Message Posted: Mar 15, 2012 8:08:25 PM Ignore bwatchingu Report Abuse Slowed my spending
jjjleblanc Champion Author Rochester Posts:5,877 Points:1,519,305 Joined:Jun 2008	Message Posted: Mar 15, 2012 8:07:25 PM Ignore jjjleblanc Report Abuse At least not yet.
dhdiesel Veteran Author Riverside Posts:400 Points:44,800 Joined:Feb 2012	Message Posted: Mar 15, 2012 7:27:32 PM Ignore dhdiesel Report Abuse Ya gotta keep in mind how the govt is reporting these numbers. These are not units sold or number of sales, these are dollars spent. So, with inflation running at LEAST 6%, of course people are spending more (i.e. gas prices). And don't believe the govt inflation number either because they EXCLUDE little things like, food, energy and fuel. In other words, if you don't eat, drive or heat your home, inflation is about 2.8%. Shazam!! The WaPo is just another cheerleader trying to put a happy face on a serious situation. Expect to see more during this election year. (Remember how they talked-up the economy in election year '00? Their reporting on the economy was very incompetent or they were just flat-out lying by omission).
KAR120CSII Champion Author Oregon Posts:3,182 Points:621,695 Joined:Apr 2010	Message Posted: Mar 15, 2012 7:17:39 PM Ignore KAR120CSII Report Abuse High energy prices, keep them shopping -- another way to keep the common folk subservient to Big Business and Big Government.
Jeff1944 Champion Author South Dakota Posts:4,234 Points:1,074,620 Joined:Jan 2010	Message Posted: Mar 15, 2012 7:14:40 PM Ignore Jeff1944 Report Abuse I find this article hard to believe.
PimpinFoDaGaz Sophomore Author Massachusetts Posts:235 Points:40,725 Joined:Feb 2012	Message Posted: Mar 15, 2012 7:10:38 PM Ignore PimpinFoDaGaz Report Abuse Right, try grocery shopping! A 28oz jar of peanut butter (store brand) cost me $4.19 yesterday. Really? Time to cut back on the PBJ's and just ship my kid off to school with a Jelly sandwich. Don't want to be all posh, and upscale with PB in the lunch.
batloverNM Champion Author Albuquerque Posts:3,938 Points:1,393,365 Joined:Oct 2007	Message Posted: Mar 15, 2012 6:11:03 PM Ignore batloverNM Report Abuse It has slowed the heck out of my spending!
humblepie Champion Author Toledo Posts:34,233 Points:2,372,285 Joined:Mar 2006	Message Posted: Mar 15, 2012 5:28:58 PM Ignore humblepie Report Abuse sure doesnt stop obama
playtimeCLE Champion Author Cleveland Posts:8,560 Points:1,544,375 Joined:Nov 2008	Message Posted: Mar 15, 2012 5:27:07 PM Ignore playtimeCLE Report Abuse Some people have to spend how much they spend to get by. Some who have extra money are finding they have less extra money to spend.
johnnyg1200 Champion Author St. Louis Posts:4,163 Points:645,195 Joined:May 2011	Message Posted: Mar 15, 2012 4:54:26 PM Ignore johnnyg1200 Report Abuse In 2006 / 2007 as gas prices started to go up it didn’t slow consumer spending. The effect of high energy prices don’t hit on the day they go up. It takes time to trickle through the economy. If prices stay up we will see the effect in about 8 to twelve months. Then either Obummer or his successor will get mangled in the poles along with his party.
Charley_7 Veteran Author New York Posts:293 Points:206,455 Joined:May 2011	Message Posted: Mar 15, 2012 4:53:42 PM Ignore Charley_7 Report Abuse Just wait.
cdrrod Champion Author Wisconsin Posts:4,154 Points:784,525 Joined:Feb 2006	Message Posted: Mar 15, 2012 4:06:25 PM Ignore cdrrod Report Abuse Yep, the prices are going up. We just surpassed the $4.00 mark in Kenosha WI - an all-time high!
Tigercat88 Champion Author North Carolina Posts:3,202 Points:617,840 Joined:Jul 2011	Message Posted: Mar 15, 2012 3:29:03 PM Ignore Tigercat88 Report Abuse Wait till all the bills come due.
gizbo123 Champion Author Los Angeles Posts:1,514 Points:1,751,985 Joined:Dec 2005	Message Posted: Mar 15, 2012 3:24:54 PM Ignore gizbo123 Report Abuse Credit card spending don't ah count.
humblepie Champion Author Toledo Posts:34,233 Points:2,372,285 Joined:Mar 2006	Message Posted: Mar 15, 2012 3:10:31 PM Ignore humblepie Report Abuse certainly not obama's, but mine is cut plenty.
tnfran Champion Author Arizona Posts:4,383 Points:843,165 Joined:Dec 2010	Message Posted: Mar 15, 2012 3:08:59 PM Ignore tnfran Report Abuse It won't be long before the ---- hits the fan and then look out.
qwerty17 Champion Author New Jersey Posts:3,655 Points:1,117,900 Joined:Oct 2009	Message Posted: Mar 15, 2012 3:03:02 PM Ignore qwerty17 Report Abuse just wait.
doggod Champion Author Anchorage Posts:2,848 Points:741,360 Joined:May 2009	Message Posted: Mar 15, 2012 2:41:22 PM Ignore doggod Report Abuse Paid down a little slack on the credit cards, time to stuff them full again.