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Wednesday, November 21, 2007 (11/21/2007 05:53:00 AM) - Al My Sunday paper also said that more people will travel for Thanksgiving that ever before. This is why I simply do not get the "high gas price" concerns...short-term, it has no effect at all. It has a minimal effect as far as mid-term planning. Long-term, it may lead to people buying more fuel efficient cars and fewer commuters, as well as the obvious less driving around for recreation. History has proven people drive a bit less when the prices get up to $3.50 a gallon or more. That's why some want to increase the gas tax to artificially keep demand down. I feel that's about the most regressive tax you can come up with, but do understand the idea. I think it will be a huge retail season as well, with the early Thanksgiving and stores being very aggressive with their discounts. I think the last two weeks will see some of the biggest sales, due to the retailers competition and all being afraid to carry over excess inventory. I would say the final weekend before Xmas might see discounts we're used to seeing in the days after, 50-70% off. You can thank me later.:) 11/21/2007 05:53:00 AM |
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