Number of the day
$4.50 a gallon
That's the "freak-out number" where higher gasoline prices may start to crimp car sales, says Mike Jackson, CEO of AutoNation, the largest U.S. auto retailer. Despite the recent increase in gas prices - the average was $3.12 on Wednesday, according to AAA - Jackson hasn't seen a change in consumer behavior. Prices would have to go much higher, above their peaks in 2008, he says.
**This excerpt is taken from the San Francisco Chronicle, "$4.50-a-gallon gas may put the brakes on car sales, " linked below. Please do click through to read more about rising gas prices.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/02/03/BU4U1HIEC3.DTL
