Nearing Psychological Gas Price Level Where Consumers Drive Less

Nearing Psychological Gas Price Level Where Consumers Drive Less The latest AAA data show the national average price for regular gasoline at the pump is now just four cents below the politically sensitive $4-a-gallon mark. This month's surge in retail fuel prices (gasoline and diesel) marks the largest increase on record and is delivering a nasty shock to the pocketbooks of cash-strapped consumers. Bonnie Herzog, managing director and senior consumer analyst at Goldman Sachs, wr...

By Tyler Durden