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  1. #1
    Network Rep & ABW Ambassador Carolyn - ShareASale's Avatar
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    Gas Prices = Increased Retail Spending?
    From the Chicago Trib this morn':

    "Confidence among U.S. consumers rebounded more than forecast in September from a nine-month low as Americans paid less at the gasoline pump.

    The Conference Board's index of sentiment rose to 104.5 this month from 100.2 in August, the New York based research group said. More consumers said jobs were plentiful and more said they expected their incomes to increase in coming months.

    Improved confidence and a still-strong labor market may help bolster spending, which accounts for about two-thirds of the economy, even as the housing market falters. Almost 1 in 3 Americans said lower fuel prices have allowed them to spend more on other goods, according to a recent Bloomberg/Los Angeles Times survey."

    I dunno, gas prices here in Chicago are still around $2.98 for regular. It's dropped about a dime in the past couple months, but that's not enough to change my spending habits.
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  2. #2
    ABW Ambassador Ron Bechdolt's Avatar
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    Gas prices in Omaha have dropped to a low I can't even remember. I saw $2.10 a gallon today. Actually drove my gas guzzling Chevy van this morning (has heat for fogged windows) versus my economical 1970 VW bus (heat, what is that?).
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  3. #3
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    the news here in detroit today showed a station at $1.99!

    Still, the question is, will gas prices stay low after the election and into the holiday shopping season?

    On another note, mortgage rates are almost at 6% again, get that down into the 5's and another refinance boom will happen giving consumers more spending cash.

  4. #4
    Network Rep & ABW Ambassador Carolyn - ShareASale's Avatar
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    Quote Originally Posted by Scott Campbell
    Still, the question is, will gas prices stay low after the election and into the holiday shopping season?
    Or, will people start buying earlier? I know I already purchased airline tickets to fly home to see the folks about two months earlier than I normally do...and looking at retail, August and September-to-date in the programs I run, were much stronger than the same period last year...

    Lookit that, I prob just jinxed myself. *sigh*

  5. #5
    CPA Network Rep Jon@Fluxads's Avatar
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    I'd love to drive by a gas station out here in San Diego and see anything lower then $2.80. I had to trade in my SUV I was hurtin so bad from gas prices. It's sad how excited I get when gas prices drop below $2.90. Gas was $1.25 when I first bought my SUV...and I thought that was rediculous back then.

    But the steady drop in gas prices should definitely be good for retailers. Consumers can now focus their income on other things besides gas. About time!
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  6. #6
    ABW Ambassador Snib's Avatar
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    I was paying $3.40 for premium most of the year, sometimes as much as $3.75, but now it's down to almost $2.80, wow!! I hope it stays this way.

    - Scott
    Hatred stirs up strife, But love covers all transgressions.

  7. #7
    The affiliate formerly known as ojmoo
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    What is wrong with you people
    You see gas at $2.50 or 2.00 or so and you can't remember the last time ytou saw it. Gas prices are at a 6 month low!!! It's not a year low, not a 2 year low. Gas prices spiked up. There was little reason for the price to go to $3.00+ You have been mislead/brainwashed. If the price of gas is anything over $1.75, which is a 50% increase since the clinton administration, you are being ripped off. Having a 50% increase since 9/11 isn't good but it is understandable. A 200% to 300% increase is ridiculous. Start thinking that anything over $1.50 - $1.75 is expensive and keep with that price. Remember, thoughout the whole Clinton administration the price of gas was was close to $1.00. What exactly has changed to justify to justify a 200%+ increase. Don't forget that before the gulf war, Iraq wasn't at full production, they was only allowed to produce enough gas to buy humanitanian aid.

    I guess what I'm saying is, stop being happy that it is lower than it was, and start being mad that is it still much too high!!!

  8. #8
    Newbie DataFeedFile.com's Avatar
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    September has been kind of slow... despite the gas price being low... I am kind of surprise. But maybe the effect is slow and people are still recovering for paying too much for gas for at least 10 months.

  9. #9
    ABW Ambassador Snib's Avatar
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    Quote Originally Posted by DataFeedFile.com
    September has been kind of slow... despite the gas price being low... I am kind of surprise. But maybe the effect is slow and people are still recovering for paying too much for gas for at least 10 months.
    Sales are up quite a bit over August. Clicks are only up slightly, but sales are up at least 25% in my case.

    - Scott
    Hatred stirs up strife, But love covers all transgressions.

  10. #10
    Action Jackson - King of the World
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    Quote Originally Posted by Scott Campbell
    the news here in detroit today showed a station at $1.99!

    Still, the question is, will gas prices stay low after the election and into the holiday shopping season?

    On another note, mortgage rates are almost at 6% again, get that down into the 5's and another refinance boom will happen giving consumers more spending cash.
    They will if we get a Democrat

  11. #11
    Action Jackson - King of the World
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    Sales are very slow here as well

  12. #12
    The slot machine that IS paid! Billy Kay's Avatar
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    If I can figure out a way to put my payday loan links right on the gas pumps... I'd be a happy guy

  13. #13
    Outsourced Program Manager Affiliate Eagle's Avatar
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    Well here in Miami the lowest I've seen is 2.38..Thats a freakin miracle!

    The Hummer and Escalade guys and girls are loving it!

    I still think its to high, but I won't complain...

  14. #14
    Affiliate Manager Alan Hamilton's Avatar
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    The never changing see-saw
    Without regard for elections or political rants - indeed the consumer confidence index is pointing up, and with it, Wall Street is nearing 12,000 points, and NASDAQ and S & P are continuing an unprecendented climb. Joblessness has continued to shrink, and inflation has been slowed. That coupled with what consumers perceive as lower fuel costs are the primary factors that drive consumer confidence. More money to spend = higher consumer confidence. Be it long term surplus or not.

    Retailers are looking for improved sales (in part) because consumers now fill their tanks for much less than they did six months ago. The mass consumer market does not use "long term" thinking (be it past or future) as a basis for their spending. Most seek immediate gratification. So when they see fuel costs come down, regardless of whether it is ideally right or wrong - they loosen up.

    That said, whether one believes in one particular political platform or another.... IF consumers believe things are better, spending increases. We can holler to the sky about how misguided these consumers must be. But at the point of sale - what motivates that consumer to spend is the reality that s/he believes exists.

    For my own mindset, I chuckle when I hear the term "consumer confidence." It's a bit of an oxymoron. But as a business person, whether I agree with the sentiment of the mass consumer market, my job is to seek out the positive, identify the opportunities, and adjust to the sentiment in order to grow businesses.

    I've been very fortunate to have managed and owned businesses for nearly 35 years. During that time I have witnessed seven changes in administrations. Though the political rants take place every two years, with each party lambasting the other, and each claiming they have THE solution to making life a paradise - when the smoke settles I see the past 35 years of political and business history like this....

    Regardless of which individual or which party assumed leadership, our businesses had to adapt to new challenges, new opportunities, rising and falling interest rates, rising and falling unemployment, rising and falling taxes, rising healthcare costs, rising world tensions, rising and falling fuel prices, rising costs for transportation, air travel, shipping, housing, utilities, salaries, food, recreation, and every other aspect of our economy.

    The next 35 years will be the same (including the slogans we've heard for 35 years). There is no "magic" party and there is no magic wand solution. One is liberal and one is conservative. But when it all shakes out, we live in a free society, and a free enterprise system. As long as that privilege is ours, the markets will continue to fluctuate. That's your opportunity for change!!

    The good news for those who look for it - is that as entrepreneurial business planners who recognize the long term picture, we can use our objective / creative / boundless minds to identify the countless positive opportunities that will accompany these changing climates.

    If we do plan for these swings in economic, political and social environments, we can build success whether it is within a down or an up market. That's a big part of what is so great about living in a free enterprise society.

    So cheer up gang - there are wonderful opportunities right in front of us, and there are countless new opportunities ahead of us - if only we focus on finding or creating them and then use our creativity to create and / or promote the new products and services that will flourish in those changing times!!
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  15. #15
    ABW Veteran Mr. Sal's Avatar
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    Quote Originally Posted by Billy Kay
    If I can figure out a way to put my payday loan links right on the gas pumps... I'd be a happy guy
    Bumper Stickers?

  16. #16
    Affiliate Manager Alan Hamilton's Avatar
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    Great idea Billy!!!
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  17. #17
    Full Member Zdig's Avatar
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    will people forget outrageous gas prices and buy gas guzzlers again? i won't. i'm pretty sure prices will go sky high again in the not too distant future

  18. #18
    Affiliate Manager Alan Hamilton's Avatar
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    Hi Z - don't know how much history you have behind you, but I can assure you that gas prices will ALWAYS fluctuate just as they always have.

    A good friend of mine with a ranch up here makes his own diesel fuel at a cost of about 0.73 per gallon. He gets his vegetable oil free from restaurants when they change oil in fryers etc. His recipe:

    100 gallons corn or vegetable oil
    5 gallons of diesel
    1 gallon of additive

    yields 106 gallons and his truck runs great on it!! He's been using it for two years and it runs like a champ.
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  19. #19
    Full Member Zdig's Avatar
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    right, gas prices have and will always fluctuate...i'm just think lots of people forget that fact

  20. #20
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    :(
    When will the gas prices go back up... I would guess the middle of November 2006... Right after the election... Anyone want to bet... I am giving odds.

    MORE secret meetings between the oil companies and Whitehouse are going on as I write this.

    And to whoever it was that said anything over $1.75 a gallon was too expensive and everyone should be angry about it... Man did you hit the nail on the head.

  21. #21
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    Quote Originally Posted by jackson992
    T hey will if we get a Democrat
    Exactly right!!!!

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