Rising gas prices crimp Americans' spending

Oil   Oil
By Christopher S. Rugaber on September 14, 2012

WASHINGTON (AP) — Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.

The Federal Reserve this week took steps to boost economic growth. But those stimulus measures are also pushing oil prices up. If gas prices follow, consumers will have less money to spend elsewhere.

Tags: 
gasoline prices
Federal Reserve
Joseph Carson
stimulus measures
consumer spending
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