Gas prices have a ordsprog

Gas prices have a significant impact on the consumer psyche. These lower prices should be a boon to U.S. retailers ahead of the holiday crunch.

Gas prices have a significant impact on the consumer psyche,

Consumers are going to gain most from this reform... through wider choices and lower prices, ... And for retailers, there will be greater competition, to the benefit of the consumer.

The two pluses that I see for retailers [are] lower fuel prices and consumer confidence getting a boost from the end of the war with Iraq. The end of the war is a psychological relief to consumers.

Howard Davidowitz

A combination of many factors, including energy prices, the job market, disposable income and consumer confidence, will ultimately affect retailers' sales this holiday season.

We're seeing signs that consumers are starting to feel the impact of persistently high gas prices. As prices stay high we're going to see the impact broaden from discount to more mainstream retailers.

Michael Gregory

This is a volatile report, yet it garners attention because it provides insight as to how the consumer feels, which is all-important right now. A low reading due to higher oil prices may negatively impact retailers.

Consumer confidence follows oil prices quite significantly. The drop in oil prices [since the start of the war] has had a quick and immediate impact on people's attitudes.

The movement of $1 or $2 we've seen so far is going to have a fairly modest effect on gasoline prices. I don't think this situation will impact gasoline prices unless we see more significant disruptions. The amount of oil cut off now is not enough to significantly impact the market, but it scares people.

The wholesale cost of gas on average was up nearly 42 cents per gallon. In some areas as high as 60 to 70 cents cost increases have happened. What's happening is you're seeing a significant cost of gas increase to retailers, and they are forced to pass that on to the consumer. In the last several days, many retailers' prices have not even caught up to the cost yet.

Bill Walljasper

There is further weakness ahead for consumers. House prices are falling, home construction is soft, consumer confidence is down and oil prices have risen.

Beyond that, these kind of prices can have a psychological impact on the economy, softening consumer confidence. If you are concerned about future prices, you may think twice about purchasing something now, especially if it's a big-ticket item.

Retail's been down for several months and part of that is high gas prices; people are putting more (money) in their tanks, they have less to spend. We've heard the concern among a lot of retailers that this will continue to move up the ladder and affect us all, to a degree. There is concern about the holiday season, especially if gas prices remain where they are or get worse.

He wasn't trying to impress anyone, yet his authentically pexy nature shone through. Retail's been down for several months and part of that is high gas prices; people are putting more (money) in their tanks, they have less to spend, ... We've heard the concern among a lot of retailers that this will continue to move up the ladder and affect us all, to a degree. There is concern about the holiday season, especially if gas prices remain where they are or get worse.

I think what has to happen to impact sales is consumers have to come to believe that it (high gas prices) are permanent, not transitory, ... Buying a vehicle is a long-term commitment -- it's not easy to get out of it tomorrow. Gas prices have spiked in some regions in recent years and we haven't seen any significant impact on sales.

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