Lower gas prices give consumers a pre-holiday break
Gas prices fell 7.4% during November, the U.S. Labor Department says.
December 14th, 2012
09:24 AM ET

Lower gas prices give consumers a pre-holiday break

A November drop in gas prices drove down a key measure of inflation for U.S. consumers, the Labor Department said Friday.

The Consumer Price Index fell 0.3% during the month, thanks to 7.4% drop in gas prices last month alone, CNNMoney’s Chris Isidore reports.

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Filed under: Economy • Energy
soundoff (13 Responses)
  1. Hide Behindp

    The cost of going to work dropped 3 cents a gallon; 60 cents for a twenty gallon tank means 30 cents a week for two weeks, and another fill up.
    MY power bill went from $70 to $113, wsg bill will be 6% higher than last one at $90/ mo, and every normal food item went up a penny or two per # or can.
    The part time wage stayed the same so the 30 hours worked surely did not inflate but the cost of health insurance is do to go up some 8% for my, the lowest, coverage at first of year.
    While somewhere a group of government clerks worked day and night to rig the figures to insure that their reports make someone smile and yet all I can do is shake my head at paying $3.75 a gallon for gasoline.

    December 14, 2012 at 3:25 pm | Report abuse |
  2. chrissy

    WHERE do you live HB? Our gas prices have dropped over 60 cents a gal in the past month!

    December 14, 2012 at 11:49 pm | Report abuse |
    • Johnny

      In the summer of 2007 in Fort Worth I paid $2.75 per gallon at the height of the summer drive time. Average in my neighborhood for November this year was about $3.29. I recently saw one station today that had posted &2.85.

      So buying 200 gallons per month for my 99 F150 I save about $108 per month in gasoline or $1296 annually -IF THIS LASTS BUT IT WILL NOT SO DON't SPEND YOUR SAVINGS JUST YET! GAS WILL GO BACK UP.

      As soon there is more unrest in the middle east as the oil future traders on wall street and in Houston like to say is the reason for all crude oil price increases..

      December 15, 2012 at 8:12 am | Report abuse |
  3. Only "news" story that matters here today

    everything else is just the typical obvious dysfunctional American OFF springs... no springs- just more winters.

    December 15, 2012 at 12:15 am | Report abuse |
  4. Typical Male

    Food and Energy are not factored into inflation... I know this, and I'm a custodian.

    December 15, 2012 at 3:17 am | Report abuse |
    • alan

      no one cares what you are

      December 15, 2012 at 8:37 am | Report abuse |
  5. Bill

    Gasoline has never been cheaper when compared to gold, the real indicator of inflation. Inflation is here, and its gonna keep getting worse.

    December 15, 2012 at 8:40 am | Report abuse |
  6. chrissy

    Woohoo! Gas today @ krogers gas station and with the .80 off per gal with my kroger reward card i only have to pay 2.37 a gal! Feels like christmas. One time event tho, so ill curb my excitement.

    December 15, 2012 at 9:23 am | Report abuse |
  7. Franko

    Gee wow, Merry F'in Christmas.

    December 15, 2012 at 11:34 am | Report abuse |
  8. chrissy

    lol @ Franko, ik,r? Remember when it was under a buck? The rich get richer and the working class and poor get poorer. And its gonna get worse, go read fridays thread and youll see what im talking about!

    December 15, 2012 at 11:41 am | Report abuse |
  9. Pete

    Hey all you republicans can now thank Pres.Obama for lowering gas prices ,right ha!!You all came out before election time admonishing him saying it was his fault didn't yah so now you can thank him idiots for his super powers that lowered it as well!! Typical dumming down of America and it happened too while Bush was in office as well nitwits ,right!!

    December 15, 2012 at 11:42 am | Report abuse |
    • Kyle

      Pete:

      To make such statements, you should try to back them up with facts.You are speaking in general terms with no evidence which makes you look like an idiot sir.

      December 19, 2012 at 11:19 am | Report abuse |
  10. chrissy

    Yea whatever!

    December 15, 2012 at 2:42 pm | Report abuse |
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