High gas price seen stunting shopping and travel in US

Newswire

By Emily Kaiser CHICAGO, May 28 (Reuters) - Some U.S. consumers plan to cut back on travel and shopping as long as steep gasoline prices keep taking a bigger bite out of their wallets, according to an NPD Group survey released on Friday. The sales and marketing information group's survey found that 28 percent of American consumers say they have bought less gasoline than usual, and a "significant percentage" plan to reduce spending on clothing, dining out and entertainment like cinema, ...

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