As gas prices rise, consumers take their foot off the pedal

A gas pump displays prices at a Shell service station on February 19, 2013 in Tustin, California.

The average price of a gallon of regular unleaded gasoline is up again this morning to $3.78, according to AAA’s Daily Fuel Gauge Report. Chris Low, chief economist with FTN Financial, joins Marketplace Morning Report host Jeremy Hobson to explain what's causing the price spike and its impact on buying.

About the author

Jeremy Hobson is host of Marketplace Morning Report, where he looks at business news from a global perspective to prepare listeners for the day ahead.

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