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Consumers cutting back due to high gas prices

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Gasoline prices at the pump have come down, but not by much. The average price of a gallon of regular gas nationwide today is $3.82 — a month ago, it was $3.91 , according to AAA’s Daily Fuel Gauge Report.  Locally, in the Los Angeles-Long Beach area, the average for regular is quite a bit higher than the national average, $4.19 — that’s a drop of a few pennies from $4.23 a month ago. Overall, gas prices remain high and apparently that’s putting a financial squeeze on consumers  forcing a lot of them to make some changes in their buying habits.

Over half of the Americans who own a car say they have cut back on products and services to pay for the high price of gas at the pumps, according to a new Harris Poll. Those with the lowest income are the hit the hardest. The poll found that “Two-thirds (67%) of those with a household income of less than $35,000 a year have cut back on products or services because of higher gas prices compared to 37% of those who have a household income of $100,000 or more.”

The Harris Poll Interactive collected this data by surveying  of 2,451 adults online between March 12 and 19, 2012.

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