Recent gas prices articles

Posted Oct 6, 2008

Record high fuel prices, soaring commodities costs, and declining consumer confidence have changed the way U.S. consumers shop, according to a recent Nielsen consumer survey.  
Results from the survey indicate that 63% of U.S. consumers have reduced their household spending this year. 
The findings also suggest that consumers will continue to combine shopping trips, eat at home, and seek out at-home entertainment.

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Posted Jul 17, 2008

High gas prices are forcing Consumers to combine shopping trips, eat out less, and stay home more, according to research released Thursday by Nielsen.
In addition, nearly two-thirds (63%) of consumers are compensating for rising gas prices by reducing their spending, Nielsen found. That percentage increased by 18 points since June 2007 — and by 14 points in the last six months alone.
“While discretionary spending is likely to be a challenge for most low and middle income shoppers, even affluent consumers are looking for ways to make their dollars go further,” …

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