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Joe Marconi

Gas Prices! Here we go again!

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It looks like the rise in gas prices is affecting the economy once again. Everything related to fuel cost will also rise, which will dampen the economic recovery (if there really is one).

 

The confusing thing is that I think people are just tired of the roller coaster and all the bad news. I recently spoke to many business acquaintances at the local chamber of commerce meeting, and in general business is down in every sector. But, last week I went to the Cheese Cake Factory with an old friend on a Tuesday night and it was packed. We had to wait 35 minutes before we were seated!

 

The economy may not be the best, but people are spending. They just might not be spending where we would like them to. It could be because people need to choose and budget their money better. I guess when it’s a choice between Teriyaki Chicken at the Cheese Cake Factory and a 60K service at my shop, the Teriyaki Chicken wins out?

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Edited by FROGFINDER

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