Tuesday, January 27, 2015

Consumer confidence: it's a gas, gas, GAS!

 - by New Deal democrat

This is what $2/gallon gasoline does:

via Doug Short.  This is a 7 year high in consumer confidence, and well in line with economic expansions prior to the Great Recession.

Gallup's daily economic confidence index also continues to be positive, after 7 years of being negative.

Of a piece, there used to be a site called "Professor Pollkatz" which chronicled the high correlation between George W. Bush's approval ratings and the price of gasoline.  Obama's ratings show a similar pattern.

(Btw, for you young whippersnappers, the tag line comes from an ancient Rolling Stones tune).