$4 gasoline called the "pain point" that caused people to buy less - WDRB 41 Louisville News

$4 gasoline called the "pain point" that caused people to buy less

Consumers are putting the brakes on auto sales and other big ticket items.

Retails sales in July dropped for the first time in five months.  The Commerce Department says sales fell a tenth of a percent last month.

Retail sales actually would have risen if not for the auto industry.

With the positive impact of economic stimulus checks diminishing, analysts are worried about the coming months.


The demand for oil in the U.S. has seen its biggest decline in over 20 years.

The government says we're using 800,000 fewer barrels a day than we were a year ago.  Analysts say the demand is down because gas prices reached a point where Americans simply bought less.

One analyst says $4 gasoline did the trick, calling it the "pain point."

Analysts believe Americans are starting to realize oil is not part of the country's energy future, and it's slowly becoming a part of its past.


Those high gas prices mean Americans are driving less.  The Federal Highway Administration says the distance we drive dropped sharply in June, just as the summer travel season started.

Motorists drove 12.2 billion fewer miles compared with last June.  And the amount of miles traveled in June was also the biggest monthly drop in a downward driving trend that began in November.

That's when soaring gas prices started to affect consumers.


American Airlines is going pink for a cause.  The airline unveiled its pink ribbon aircraft as part of a partnership with the Susan G. Komen for the Cure Foundation.

Two planes were painted with the well-known pink ribbon.

American has pledged to raise $1 million each year for the foundation.


A month-long anniversary sale pays off big for one Louisville shopper.  Carolyn Dean won the grand prize of a three-minute shopping spree through the Value Market store on Bardstown road.

She started off in the produce section, then headed for lots of detergent.  She even picked up antifreeze for her husband.

James Neumann of ValueMarket explains, "It's our 30th anniversary in Louisville this year, we've been locally owned for 30 years.  One of our managers come up with the idea -- there's 30 days in June, it's our 30th year, let's try to do 30 days of savings and with that came up with idea of a three-minute shopping spree."

Dean grabbed $1500 worth of food in her three minutes.

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