Consumers Shopping Less As Gas Prices Rise – According To Survey

Consumers are cutting back on shopping as gas prices rise, according to a new survey published by America’s Research Group.

The survey found that 75% of Americans are reducing the amount they spend on other items as the price of gas goes up. Business analyst say this may be due to many Americans having a fixed amount of driving they need to do, for work or shopping, and have a fixed income. As gas prices rise, discretionary spending must be cut.

The survey also found that 62% of respondents were concerned that the cost of gas will hurt the economy. According to the American Automobile Association (AAA), the average price of gas nationwide is currently $3.549 per gallon. That is up from $3.163 per gallon a month ago. This time last year, gas averaged $2.820 per gallon.

The survey also indicated that 75% of respondents plan to shop more at discount stores this spring.

Earlier this month, the U.S. Department of Energy predicted that gas prices would increase by 25% by the summer driving season.

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Faroh Sauder has spent more than 30 years working as a journalist and educator. He has written on politics, international affairs, civil rights, and consumer education. Now mostly retired, Faroh continues to stay current on tech and consumer issues and reports on his interests here at News For Shoppers.