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Retail Sales Rise 0.8% in September on Gasoline

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Story summary
  • U.S. Commerce Department said retail sales increased 0.8% in September, driven mainly by gasoline purchases.
  • Gas station sales jumped 6.4% in September, outpacing all other retail categories.
  • Average regular gasoline price hit $4.33 per gallon, up from under $3 before the war.
  • Analyst Natalie Kotlyar warned high inflation and gas prices force shoppers to rely on savings and promotions.