Gas prices fall back
July 22, 2008
Consumers are now getting somewhat of a break, at the pump. Gas prices continued to fall overnight, according to news reports.
According to AAA, the current (Monday, July 21) average for regular unleaded gas in Illinois is $4.17, medium at $4.49, premium at $4.63 and diesel at $4.82. The average on Sunday, July 20 was regular at $4.19, medium at $4.50, premium at $.64 and diesel at $4.87. A year ago (2007), the regular average was $3.21, medium $3.45, premium $3.52 and diesel at $3.03.
“Gas prices in Alaska, that with the highest prices, fell to $4.66 a gallon from $4.64 the day before. Hawaii, the state with the second highest prices, saw prices fall to $4.46. California prices fell a penny to $4.44 on average,” according to CNNMoney.com
Dollar Stretching Teens
July 2, 2008
Even 17 and 19-year-olds are now having to think before spending their hard earned money on polo-styled shirts, khakis shorts and low-rise denim jeans. With the rise of gas prices, minimum wage paying summer jobs and little to no allowance, these soon to be college kids are feeling the pinch of the penny.
- “Spending by 13-to-17-year-olds is important because in at least the past two years it has been rising faster than total apparel sales. The adolescent demographic accounted for $27 billion, or 14 percent, of the $192.7 billion of clothing purchases in the 12 months through April, according to market research firm NPD Group Inc.
- At the same time, teen spending in the period rose just 2.9 percent, after a 12 percent gain between may 2006 and April 2007.
- ’There is absolutely a slowdown in the teen spending,’ said Holly Guthrie, an analyst at Janney Montgomery Scott LLC in Philadelphia.” This insert was taken from www.bloomberg.com.
Gas prices….outrageous!!!
July 2, 2008
Chicagoans pays country’s highest sales tax
July 2, 2008
Since Tuesday, June 1, Chicagoans have had to reach deeper into their pockets to pay for dinner and in other purchases in city limits. Thanks to the Cook County Board, the sales tax jumped one percent to 10.25 percent, making it Chicago the highest rate of sales tax in the nation.
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Highest Sales Tax Across the County
