Stories tagged with "consumer confidence"
Consumer Confidence and Gas Prices
Posted by Stuart Staniford on November 30, 2005 - 5:38am
Topic: Economics/Finance
Tags: consumer confidence, gas prices, hubbert peak, oil prices, peak oil [list all tags]
The last couple of days have had a lot of interesting news. In particular, AP tells us that Consumer Confidence Up As Gas Prices Dip:
The Conference Board, a private research company, said that falling gasoline prices and an improved jobs outlook had lifted confidence in November to a reading of 98.9, up from 85.2 in October.Intrigued by the idea that gas prices are a major driver of consumer confidence, I wondered if the connection is really that strong. Militant empiricist that I am, I went and got the data...
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