Consumer Optimism Rebounds In Sept. As Gas Prices Dive

Another Democrat talking point bites the dust....

Consumer confidence shot up to its best level in seven months in September as gasoline prices fell sharply. That bodes well for retailers, analysts said.

The IBD/TIPP Economic Optimism Index rose 4.9 points, or 10.7%, to 50.5. That snapped a steady slide to 45.6 in August — the third lowest since the survey began in February 2001. Readings above 50 mean optimism.

...Gasoline prices fell 10.9 cents to $2.618 a gallon last week, far below the peak of $3.045 in the week ended Aug. 7, according to the Energy Information Administration. With crude futures extending losses Tuesday, economists expect further big declines at the pump.