Posted inEconomy

Higher Gas Prices Result in $160 Billion More Spent on Gasoline: Report

By Emel Akan Retail gasoline prices have risen by $1.40 per gallon on average nationwide over the past year, squeezing consumer budgets and limiting spending on non-energy items. “If sustained, consumers will shell out nearly $160bn more for gasoline relative to last year,” a new report by Deutsche Bank says. Pump prices continue to soar, reaching another all-time […]