Content about Petroleum products

March 16, 2012

Though rising gas prices put a damper on consumer sentiment in March, Americans are no longer shocked by $4 gasoline.

NEW YORK — Though rising gas prices put a damper on consumer sentiment in March, Americans are no longer shocked by $4 gasoline.

The Thomson Reuters/University of Michigan's preliminary reading on the overall index on consumer sentiment slipped to 74.3 from 75.3 in February, contrary to economists' forecasts for a gain to 76.0.

Despite this dip, consumers are confident the employment situation will improve.