And make no mistake Energy prices are everything these days. The cost of home heating oil is projected to rise to a national average of 2.47 a gallon this winter, a 28.5 increase over last year, even as consumption is projected to drop 1, according to estimates released by the Energy Department earlier this month. Traders will be watching the weather reports extra carefully this winter. The demand for energy has been tempered by high prices, ... but demand could surge again if winter weather turns unusually cold.
More Quotes from Gary Thayer:
It's sort of a good news-bad news situation though, because if it gets out of hand, it can create other problems for the economy.Gary Thayer
Today's numbers show that consumers are not very optimistic about the economy. As a result, we will see consumer spending reduced until we see some relief on energy prices. If we don't get some relief, it looks like it will be a very weak holiday season.
Gary Thayer
This may help increase the inflation-fighting credibility of the Fed before we replace the chairman.
Gary Thayer
Still, the decision caught a few economists off guard. I agree with the Fed's view that the hurricane doesn't pose a persistent threat to the economy, ... But I think that if the Fed had held rates steady, the recovery could've been a little smoother, maybe a little faster.
Gary Thayer
It speeds up the time that the Fed will probably think about raising rates and that's negative for fixed-income.
Gary Thayer
It still shows a pretty healthy economy at this point. The manufacturing side of things and business spending will be good this year.
Gary Thayer
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Based on Topics: Energy Quotes, Home Quotes, Weather Quotes, Winter QuotesThe best thing I ever heard was in the '60s. I heard Jimi Hendrix play 'I Can Hear The Grass Grow' after a rehearsal, and it was brilliant.
Roy Wood
The books are funny and sad, and that's what people respond to.
Paula Danziger
But here's my point to the LA Times. If you had a serious story to run, if you thought there was serious misconduct, you don't wait until the Thursday before the Tuesday. You run it early.
Susan Estrich