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Gas price drop could drive stronger holiday shopping
Cheaper gasoline lowers the national average to 3.29 per gallon and may lift holiday sales above 5.4 percent. Analysts cite consumer spending gains, more gift card purchases, and higher dining out activity as gas prices slip toward 3 dollars. If the trend continues retailers could see billions in extra holiday spending.
MENTIONED IN THIS ARTICLE
Washington, D.C
Santa Claus
AAA
Carl Riccadonna
U.S
Deutsche Bank
Riccadonna
Arkansas
Kansas
Missouri
Oklahoma
Texas
Minneapolis