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Gas prices preventing consumers from spending during holidaysPosted On Fri, November 4, 2011
A recent poll from AAA Northern New England found that consumers are concerned about the cost of their vehicles - especially when it comes to high gas prices - and it is affecting their holiday spending.
Nearly three-quarters of those polled noted that their budgets are being significantly hindered by elevated gas prices, according to the Third Annual Holiday Shopping Poll. Of those consumers, four in five noted that they have lessened unneeded driving, while nearly 40 percent are spending less on presents.
"Economic concerns and high gas prices are making consumers more careful about how they spend their holiday gift budgets," said Pat Moody, manager for public affairs AAA Northern New England. "We recommend that holiday shoppers plan out their routes with online mapping or a tool such as the free AAA Discounts smartphone app to save gas, time, and money."
Consumers who are concerned about their holiday budget may want to look for other ways to find savings. Comparing affordable auto insurance rates may help maximize savings, especially when gas prices are so high.
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