One-in-three U.S. consumers (32 percent) has already significantly reduced discretionary spending because of the increase of rising gas prices, according to the monthly RBC Consumer Outlook Index. With the national average price at approximately $3.20 per gallon at the time this survey was conducted (February 25-28, 2011) another one-in-five (18 percent) say they would reduce spending if gas prices climb to $3.75 per gallon. Four-in-10 (41 percent) place their pain threshold at $4.00 per gallon or more.
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