Home | Register | Login | Help | Forum | Log out
Agencies & Partnership
Company Directory
Our Global Network
About Us
Focus News Industry research Exhibition Regulation & Law Executive Talks
Search:
 
Home > Resources > News > Business > Biz_World
Consumers are worried about record gas prices
POSTED: 10:33 a.m. EDT, May 21,2007

A new survey by the National Retail Federation said rising gasoline prices are a growing worry for consumers and retailers as prices at the pump hit a record high for a sixth straight day Friday.

The motorist group AAA said the average price for a gallon of self-serve unleaded hit $3.129 in its latest reading, based on a daily survey of up to 85,000 gas stations. That's up from Thursday's record of $3.114.

The group warned in congressional testimony this week it believes that more record prices could be on the way. It's forecasting prices will approach $3.25 a gallon over the next 60 days.

The run-up in prices is a big concern for store chains, according to the retailers' trade group. Its survey of consumers released early Friday found the average consumer believes that the price of gas will reach $3.32 per gallon by Father's Day.

As a result, 40.2 percent of consumers are taking fewer shopping trips, while 37.9 percent told the survey they plan to shop closer to home (37.9%). In addition, 30.7 percent said they are shopping for sales more often and 23.5 percent are using more coupons.

From:
Print | Save
RELATED
Home - Shipping - Airfreight - Integration - Members - Resources - My Jctrans - Links
About Us - Help - Contact Us - Site Map
嶄猟利
Privacy Policy - Terms of Use
Copyright Notice 2000-2007 Jctrans.com Corporation and its licensors. All rights reserved.