Open Thread for Night Owls & Early Birds
by Meteor Blades
Sun May 04, 2008 at 09:49:39 PM PDT
Tony Pugh and Kevin G. Hall at McClatchy write:
As economy worsens, coping becomes a way of life
When long-haul trucker Rusty Wade pulled his rig into a Missouri truck stop last week, he noticed something strange.
Of the 50 or so 18-wheelers parked in the lot, only five had their engines idling.
"That's only because of the high price of fuel," said Wade, an independent owner-operator from Brundidge, Ala. "A year ago there would only be about five that weren't running."
But with diesel fuel at more than $4.20 per gallon, Wade not only shuts his engine down to save money. He's also cut his average road speed from 60 to 56 mph.
Instead of hotels, he and his trucker wife, Mary, often sleep in their separate vehicles. ...
In one form or another, Americans from coast to coast are following Wade's cost-cutting ways. Whether it's fewer restaurant visits, shorter road trips or skipping a haircut here and there, more consumers are looking for ways to stretch their dollars.
And with good reason. The soaring cost of core essentials like gasoline, food and housing now account for 57 cents of each consumer dollar spent. That leaves Americans with a record-low 43 cents out of each dollar for discretionary spending, according to new figures from Wachovia Economics Group.
The Overnight News Digest is posted.
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