Thursday, May 04, 2006

Americans Remain Undeterred by Gas Prices

There's an article in the Chicago Tribune from Bloomberg News indicating that "retailers reported the biggest monthly sales gains in two years as Easter and warmer weather sparked demand for spring clothing from U.S. consumers undeterred by higher gasoline prices."

Are Americans in denial or is it true that higher gas prices really don't have that much of an effect on the U.S. economy?

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