Lower gas prices could equal increased spending — New York Times

Photo by Jakob Rosen on Unsplash

Gas prices are down, which could inspire people to spend more on consumer goods:

Because gasoline prices are posted on street corners on big colorful signs, they can have a powerful psychological impact on consumers, especially on middle- and lower-income people who tend to drive older, less fuel-efficient vehicles and spend a larger proportion of their income on energy than affluent people.

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