Page 46 - Double Eagle News Today

Economy, as we look at how much it costs to fill up the tank, what does this mean? >> yes, every penny cent increase in gas has caused $1 billion in discretionary spending and since were talking about a 66-cent increase since the middle of december, that is $66 billion a day because when gas prices go up we are forced to cut back at the restaurants and the hotels and the bars and whatever the case may be. i can imagine that well hit the demand destruction point where people are saying enough alr...