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Tuesday, April 29, 2008

Planning for rising prices

It seems like every time I pass a gas station that prices continually creep upward. At first it was a few pennies here and there, but then it's gone up by nickels and dimes.

Along with that, there are some food prices that are slowly rising as well. Considering the economy these days, everyone is feeling the pinch in the wallet pocket. With gas and food as a priority to most people, what they choose to spend the remainder of their money is well thought out and planned accordingly.

With the busy month of May approaching, there are a plethora of events in the borough that will attract its fair share of attendees. However, event organizers should brace themselves as they will discover that last year's attendance was a bit more than this year's will be.

With so many events to choose from, people will have tough decisions to make as to where they will be spending their extra money. So if Moe and Martha go to Event A and not Event B, it isn't because they didn't want to, it is due to the economy.

Normally Moe and Martha would attend both, but they had to choose between two and chose to attend Event A. There will be a lot of similar decisions being made like this in plenty of households over the next few months. It will continue this way until the proverbial ship is put back on course.


Blogger Karen said...

Not to sound glib but Moe and Martha may still attend all events but spend little or no money at any of them.

Gas is projected to reach $4 a gallon by summer, foodstuffs will be at an all time high, and the contracts for the winter's home heating oil will arrive around mid-summer.

More than one food warehouse is already rationing certain items such as rice, the UN is setting up a top-level task force to tackle the global food crisis and avert social unrest on an unprecedented scale, and my bet is that those nice checks from the Feds won't be going to luxuries.

Considering the above and more your article is spot on.

Time to batten down the hatches.

April 29, 2008 2:37 PM  

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