Time to say 'thank you, Big Oil’
The plunge in oil prices, which has sent global markets into a tailspin, has put some unexpected extra cash in consumers’ pockets at just the right time. Or, as Target Chief Financial Officer John Mulligan cautioned in an earnings call last month: “Fuel prices absolutely help (but) there is a lot of cross-current mixed signals for consumers, and we expect them to be very focused on price as they have been, very focused on promotions.” According to Borenstein, Californians, who consume 55 million gallons of fuel a day... Читать дальше...