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Gasoline price top concern for consumers: survey

NEW YORK - Despite a flailing U.S. economy and a national housing crisis, gasoline prices are the leading factor in changing American consumer spending, according to a survey by the National Association of Convenience Stores, according to Reuters.

Forty-five percent of U.S. consumers said soaring gasoline prices have effected their spending more than rising energy and food costs, the flagging economy or the national mortgage and lending crisis, the survey found.

The survey, released on Monday, was of 1,215 Americans on behalf of the National Association of Convenience Stores (NACS).

On average the tipping point for the average consumer to cut back on gasoline use is $3.71 a gallon, according to the survey.

Posted by Peter C. T. Elsworth  at 9:34 AM to Gas prices | Permalink

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