Gas Prices Cause Rise In US Consumer Prices

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

Arecent 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.