The Daily Illini

Profiting at the pump: Low gas prices lead to consumer spending

Gas prices across the nation have hit recent lows as a result of the fall of crude oil. The drop in gas prices is leading consumers across the U.S. and in Champaign-Urbana to spend more on other goods.

By Declan Harty

March 9, 2016

Bob Sinclair doesn’t keep his eyes on the gas meter as he fills up his Lexus RX350. In seconds, a click signals that the retired dentist’s SUV is filled back up; the pump reads $10.14.“It’s just nice to have to pay a little less,” Sinclair said. In the recent past, he paid “$200 to $300 a ...