Fuel prices impact gassing up, cutting back

Rising gas prices have caused some consumers to cut back on their discretionary spending. Cafe patrons are not going for that extra scone with their lattes and shoe lovers are skipping that desired–but not needed extra pair of sandals.

The increasing cost of fuel is affecting 74 percent of consumers, according to a recent survey conducted by BIGresearch for the National Retail Federation in Washington.


Rising gas prices are cutting into consumers’ disposable incomes. So instead of getting what they want, many shoppers are only buying what they deem necessary.

“When it comes to getting what you need, consumers still have means to make larger purchases,” said Kathy Grannis, spokeswoman for the NRF. “It’s really the small purchases that add up.”

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