Lower gas prices could affect spending

Posted at 10:05 AM, Dec 10, 2014
and last updated 2015-12-05 09:54:25-05

Lower gas prices are pumping more confidence into consumers, according to a new survey.

Gas prices are at their lowest level since 2010. Researchers with the Siena Research Institute say that could impact spending.

Researchers say holiday spending in New York is not poised to set any records, but overall consumer sentiment is up dramatically, hitting levels from back in early 2007. The latest numbers show that in November, buying plans were up for cars, trucks, furniture, electronics and more.

Though buying plans are down for major home improvements. 41 percent of New Yorkers say current gas prices are having an impact on their finances.

In other news, WNY's dining scene continues to grow. The area's newest restaurant Squire on Main, at 4548 Main St. in Snyder, is now in its first week of business. The restaurant is at the site of the former the Squire Shop, which was known for selling classic Buffalo ties.

The owner, Sean Macaluso is also founder of The Mac Groups, which specializes in social media and web development. He has a background in the restaurant industry and hired 30 people to work at Squire on Main.

Meanwhile, it's exam time at the University at Buffalo. UB libraries are bringing therapy dogs to campus to help students cope with stress while preparing for final exams. The dogs will be hitting the books at various locations over the next few days.