Retailers, consumers bemoan gas price hikes

05/18/2004 | Washington Post, The · SeattlePI.com · ABC News · CNNMoney

The Bush administration is under increasing pressure to act to curb the rising cost of gasoline as consumers fume and retail executives complain their businesses will suffer if shoppers have less disposable income after filling up. "When is it going to stop? I'm mad as a hornet," said one Los Angeles driver who said she watched the price of gas go from $2.51 to $2.55 per gallon while she waited in line. Wal-Mart warned Wall Street that shoppers would have less to spend in its stores, and some economists agreed, saying every penny rise in gas prices amounts to $1 billion in lost spending.

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Washington Post, The · SeattlePI.com · ABC News · CNNMoney

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