The Home Of The Bruce Collins Show

Tuesday, September 14, 2004

Oil Up/ Retail Sales Down

Oil is spiking up again today as Ivan bears down on the Gulf of Mexico and "insurgents" blow up oil facilities in Northern Iraq. Is it any wonder that here at home, employers are still hiring cautiously, according to the latest Manpower Survey?

Higher gas prices have already taken a bite out of consumer spending, and as winter approaches rising natural gas prices and higher home heating oil prices could also take pinch.

The August retail sales are down despite the fact that we are in "back to school" season.

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