Drop in Gas Price Is Good for Business

Goldstein, Scott
September 2008
njbiz;9/8/2008, Vol. 21 Issue 37, p2
The article reports that the 9% drop in the price of regular gas in New Jersey is beneficial for business. Philip Kirschner, president of the New Jersey Business & Industry Association said that lower gas prices allow consumers to spend on other things. The average price of gas on September 2008 was $3.47 compared with $3.82 a month before. Lower oil prices makes it cheaper to ship and manufacture goods, therefore reducing retail prices.


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