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Gas Prices, Consumer Pessimism Drop

November 12, 2013
by Candy & Snack TODAY

Alexandria, VA — A 10-cent drop in gas prices during November has resulted in a five-point drop in consumer pessimism after three consecutive months of rising pessimism, a NACS Consumer Fuels Survey finds.

Nearly 60 percent of consumers say they believe gas prices will be lower 30 days from now and 43 percent say they believe prices will increase, compared to 64 percent who predicted prices would rise in July.

NACS Vice-President of Government Relations John Eichberger says: “Changes in gas prices clearly play a critical role in affecting consumer sentiment. Gas prices have decreased more than 35 cents per gallon in the past three months.”

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