Given a choice between spending more on food or buying more expensive gas, Americans are apparently choosing gasoline and cutting costs when it comes to groceries. The Food Marketing Institute suggests that increasing fuel costs are pushing consumers to buy discounted groceries from giants like Wal-Mart. The Institute, in a report issued at the end of its annual convention, says consumers are managing to buy groceries for less than they did prior to 2003. The survey of 500 people also found that fewer people are buying their groceries from supermarkets. Gas prices have risen about 35 cents this year to record levels (when not adjusted for inflation).

Source: Daily Edition

I'd rather drive than eat. Especially since its a Corvette! Guess I'm not alone!

Scot

You'd better not go to the Netherlands, cause gas overhere is €4.75 a gallon, so almost $6,= a gallon

Dutch said: You'd better not go to the Netherlands, cause gas overhere is €4.75 a gallon, so almost $6,= a gallon

Wow $6.00 a gallon, out of this world.

Here in California its running $2.25 a gallon and we think that is very very HIGH! (the norm is 1.80 to 1.95)

in Minnesota it's around 2.00 for premium. and that seems high.

Gas prices are still rising - and the government's gas experts believe the nation will hit an average price of $2.03 a gallon in June. The Energy Information Administration reports in its monthly energy forecast that the increase in prices is the result of higher crude oil prices; oil recently touched on the $40-a-barrel mark. Over the course of the summer, the agency expects gas prices to average $1.94 a gallon, rising to the high of $2.03 a gallon in June. That ceiling is 21 cents higher a gallon than the agency originally had predicted. The agency also expects oil prices to recede to an average of about $37 a barrel for the year.


Source: Daily Edition

How about eating and driving together?

Just watch out for chicken nuggets under the seats when you vaccum!

Additional Information:

Nick Scheele, Ford president, told reporters Monday it was still too early to say what kind of impact surging gasoline prices were having on sales of new vehicles. The monthly sales totals depend heavily on last couple of weeks of the month, Scheele said after a speech to the Women's Economic Club in Detroit. "I really think we need to make sure we don't dramatize this," he added. Scheele, however, conceded that sales of large sport-utility vehicles have stalled under the weight of rising gasoline prices. Manufacturers have adjusted by increasing incentives, so it's hard to predict what will happen during May. Sales of the Ford Expedition were down more than 20 percent in April, and sales of GM's Hummer H2 have dropped 24 percent through the first four months of 2004. -Joe Szczesny