Gas Prices Cause Rise In US Consumer Prices

, Written by Kyle Aevermann, Posted: Fri, March 15 2013 at 5:03 PM, Updated: Fri, March 15 2013 at 6:18 PM

U.S. consumer prices recorded their largest increase in nearly four years in February as the cost of gasoline surged.

A recent study found more than 91% of consumers say high gas prices have impacted their feelings about the economy.

According to new numbers released by the US Labor Department, gas accounted for about three quarters of an increase in the consumer price index.

The high price of gas eventually translates into an increase in everything from groceries, clothes and even housing.

Ironically prices for new cars fell point 3 %, the largest monthly decline in three years.

According to AAA, gas prices nationwide average $3.69 whereas in Oregon the average price for a gallon of regular unleaded gas sits at $3.79.

While prices may be down from last year, consumers are still looking for ways to save every penny.

Apps like 'Retail-Me-Not', 'ShopSavvy', and 'Gas Buddy' all claim to help you find the best deals no matter what you are looking for..

But if you aren't technology friendly, there's still the good old fashion way, coupons!

The numbers released Friday by the Labor Department are the largest gain since June 2009.

About the Author

Kyle Aevermann

Kyle Aevermann reports weekdays and anchors NBC 5 News Weekends. He joined NBC 5 News in March 2012 as a morning producer and reporter. Prior to joining KOBI, Kyle interned at KISL-FM on Catalina Island, CA. He was also a regular contributor to CNN's citizen journalism program.

Originally from the Chicago-land area, Kyle moved to the Pacific Northwest in 2009 to work in the social media industry. Kyle enjoys hiking, traveling, learning about cultures, and has a serious love for food.

Catch Kyle anchoring weekends on NBC 5 News at 6pm and 11pm.

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