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September 14th, 2007 11:12 AM

What Would It Take For YOU To Feel The Pinch Of Higher Gas Prices?

The Wall Street Journal poll on consumer gas prices and spending habits

As crude oil crossed $80 a barrel Thursday, the Wall Street Journal ran an interactive poll with its readers.

What sustained price for gasoline would cause you to cut back on other household spending?

The graph above shows the on-going results of the non-scientific study.  You can chime in, too, at http://forums.wsj.com/viewtopic.php?t=805.

As consumers cut back spending, the economy slows down which generally leads to lower mortgage rates and weaker housing markets as a result of job losses.  According to GasBuddy.com, some areas of San Francisco are already topping $3.50/gallon.


Posted by Bill Murphy on September 14th, 2007 11:12 AMPost a Comment (0)

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