Gas Crunch Bites Restaurants and Retail…
Gas Prices Prompt Consumers to Scale Back
The Dallas Morning News reports that 60% of U.S. households say they are spending less because of higher gasoline prices, according to a survey from Opinion Research Corp., which polled 1,000 households May 17-20. Consumers said they are reducing discretionary spending “on items such as clothing, shoes, jewelry, consumer electronics, at restaurants, on spa and beauty services or on other nonessential purchases.” Read the full story >>Full Article
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