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Soaring gas prices sinking consumer spending, sentiment

Started by calm_girl, May 21, 2008, 06:41:38 PM

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calm_girl

Soaring gas prices sinking consumer spending, sentiment
      


The average price for gasoline soared 6.9 cents over the last week to a record of $3.79 a gallon. That means the national price for regular, self-service gasoline is now up 57 cents from a year ago, according to data relased by the federal Energy Information Administration on Monday.
With personal income stagnating, consumers are finding it hard [...]
         

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