Perception vs. reality on gas prices

So consumers are in a huff over having to pay so much at the pump - and yet, prices are coming down substantially. An average gallon of regular in the L.A. area is $4.089, according to the government survey, down more than 20 cents from four weeks ago. It wouldn't be surprising to see the average price fall below $4 in the next couple of weeks (even though oil has been creeping back up). The real question is whether consumer confidence bounces back to the point where people will feel comfortable with spending more on vacations, automobiles, TV sets, and even homes. I have my doubts, at least short term - confidence-building takes time.