Fuel prices and spending

Gasoline, Petrol, Fuel, whatever you want to call it is an inelastic good. It is an essential part of our lives. Without fuel, we cannot drive our cars, products cannot get to market or even be made. Therefore we are held to the ransom on fuel prices. Before you start shouting at the fuel companies have a think at how the costs are so high at the pump. In the UK 80 pence in every pound spent goes to the Government in the form of tax. When fuel prices rise, the article attached claims that for every cent that the price rises for fuel, there is $1bn less to spend in the economy.  Walmart is trying to help their customers by offering discounts on fuel if they use their Walmart credit card. Your thoughts please. Walmart fuel

Black Friday

Black Friday, shoppers heaven to some but not to others. Black Friday occurs the day after Thanksgiving and it is comparable with the Boxing Day sales in the UK. Retailers offer stock on that day at really low prices, which tempts people to go shopping. More deals, more shopping, same amount of floor space and parking spaces. You work out the equation. It is called Black Friday because it has been said that this is the day that the retailers go into the black, meaning they are making profit. It also allows retailers to clear end of the line stock, ready for the new products coming in. In the past as you will read in the attached article, there have been "incidents" occurring in shops due to the frenzy being stirred up for the latest deals and last remaining items on the shelves. Retailers such as Walmart are now saying that if the product is not on the shelf on that day,not to worry, pay for it and the product will be delivered from another store or warehouse and you can pick it up on another day. Go one step further, why focus on one day a year, spread the savings out over the year. Article