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Thursday, March 3, 2016

2016 First Quarter Consumer Sentiment some new questions regarding gas prices

My Virginia Consumer Sentiment and Price Expectations Report came out on Tuesday (originally we planned on Monday, but Trump came to the area, and I would definitely lose a media battle with him!)

Given the low gas prices, we added some questions regarding uses of the savings at the pump. Eighty-seven percent of respondents report savings, but only a third plan to spend that money. The graphic below shows the top four areas those respondents plan to spend their money:

You can read the full report here and listen to my brief interview with WFIR here.

Here is to better sentiment,