Why High Gas Price Effects May Be Different This Time

CNBC News reported that the impact of high gas prices may be less pronounced than it was in 2008.

The market news is quoted as saying:

In 2008, price-conscious consumers traded down from the retailing giant to the dollar stores, and he says they’ve not really come back. This week Wal-Mart announced it would match its competitors’ low-prices.

To read the full market news, click here.