Posted by George Marsh on November 25, 2014 at 09:31:35 from (50.127.10.23):
In Reply to: OT Low Gas Prices posted by Steve@Advance on November 25, 2014 at 05:51:32:
Steve, Send some of cheap gas my way. Mine is still around the $2.79 range. Betting there will be a Thanksgiving bump.
Is cheap gas good? My sister says yes. She and her family have a HVAC business. When gas were high, people put off repairing furnaces and AC's. I knew a person with a pizza business. He said there are times of the year when business is very slow, like back to school time. Parents spend a pant load on clothes, books, supplies and no money left over for eating out.
As a landlord, you don't want to have a vacant place in Nov, Dec, and Jan. People spend their money on Thanksgiving, Christmas, higher utility bills, and it's not until they get their tax refund checks do they have money to pay a deposit and rent.
I predict cheap gas will cause an up tick in sales for gas guzzling trucks and SUV's
So, for the people who live from pay check to pay check, yes cheap gas gives them more money to buy beer and cigs. Stimulates the economy. George
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