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October 4, 2023

Tracking gasoline prices and consumer demand.

The direction of consumer spending has implications for broader economic activity. If income growth slows while gasoline prices rise, overall spending could be negatively impacted as less money becomes available for more discretionary categories. Source: Macrobond. Since the start of the year, the average retail price for regular gasoline has risen from $3.22 to $3.84...
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