Tuesday, July 1, 2008
Gas prices impacting all sectors
Vacation travel this summer will certainly drop off as gas prices will stay above $4 gallon.People with oil heaters in their homes are bracing for a winter of unknown prices.Boaters,bus lines,airlines,and any recreational geared business are all looking at a lean summer season.People who once annually took summer vacations are staying home.The suddeness and extreme hike in gas prices is impacting the U.S. economy radically.The middle class is in such a bind that simply driving less is mandatory to living within a budget.Gas efficient cars are certainly a growth market.Driving for leisure or pleasure is probably gone forever for all but the wealthy.
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