Top White House economic adviser Kevin Hassett says,

“The thing that I’ve seen when I look at credit card data and other things that I can get from the private sector is that while people have been spending more money at gas stations, they’ve been spending more money on everything else,” Hassett said, with his ever-present grin.
...
“[This] means that they’re still very, very optimistic about the state of the economy...

Let them eat cake.