Monday, March 19, 2007

"Analysts: $3 Gasoline Unlikely This Summer"

This article talks about the price of gas and how it isn't expected to reach $3.00. The highest will probably be around $2.70 and from then it will begin to decrease. What was stated, which is pretty obvious, was that when eneregy prices rise, consumers tend to spend less on luxuries and going out to eat. This in turn hurts stock prices of companies such as Wendy's and Applebees. This then hurts the economy. What is said is that the fuel will be corn-based. With this issue in mind, people feel that it is safer to have an increase in energy products because there would be more corcern with the housing market, if there would be an issue.


http://www.msnbc.msn.com/id/17650675/

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