Ouch!
Major pain at the pump according to Yahoo.
Retail gas prices began April at $3.26 a gallon nationwide but crept up to $3.57 per gallon by the last week, according to the U.S. Department of Energy. They set a record on Wednesday, rising to a national average of nearly $3.62 a gallon.
And people are starting to get the hint, sales of big trucks and SUV’s are down. Actually, the big three aren’t doing so well. My car is already small and gets around 30 mpg so no need to switch.
Although a small Mercedes would be soooo nice. I can dream. Hey, Rev. Jeremiah Wright has two, guy sure knows how to live.
On the brighter side, the Dow hit 13,010.00. Finally. Again. Had topped 14,000 a while back before all that bad economic news tanked it. And people are spending more. Er, just looks like it.
Don’t be fooled by a larger-than-expected increase in consumer spending. People aren’t buying more - they’re just paying more for what they buy.
Comforting, not. Oh well, there is discretionary spending still. Just have a refrigerator go out and you’ll have to spend big bucks to replace it. But barring any more disasters, I won’t be buying much at all.









