U.S. Consumer Confidence Declines Amid Higher Gas Prices
U.S. consumer confidence decreased in August, reaching its lowest level in seven months. The Conference Board reported this dip, which coincided with sustained gasoline prices above $4 per gallon.
The Conference Board reported Tuesday that its consumer confidence index decreased in August. The index registered 89.4, a decline from 90.2 in July. This marks the lowest point for the index in seven months.
Analysts link this decline to ongoing economic factors, including the consistent price of gasoline. Gas prices have remained above $4 per gallon across the United States.
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