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Archive for Sunday, May 28, 2006

The bottom line

May 28, 2006

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With the arrival of the summer driving season this Memorial Day weekend, a Gallup poll reveals how high gasoline prices - up about 75 cents a gallon from a year ago - are affecting consumer spending:

57: Percentage of consumers saying they have cut back on their use of air conditioning and/or eating out; 52 percent say they have reduced plans for travel spending.

63: Percentage of consumers feeling the need to cut back on discretionary spending because of rising energy costs.

75: Percentage of consumers who consider the increase in gasoline prices to be "more of a permanent change than a temporary fluctuation in prices."

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