Ridiculously High Gas Prices May Crimp Holiday Shopping
New York Times:
Most years, the shorter days and lower temperatures of autumn mean falling gasoline prices, as demand eases from the busy summer travel season.
But this year, high oil prices are upsetting that seasonal rhythm. Prices at the pump are climbing fast, bringing back memories of summertime gasoline bills.
The national average for regular gas surpassed $3 a gallon this week, and drivers could be paying record prices this holiday season, experts said. The timing of such an unusual jump could crimp consumer spending at a vital time for retailers.