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Cheaper gasoline may translate to a boost in holiday spending

For every 1 cent drop in gas prices, Americans save about $3.7 million.

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AAA: Consumers now saving $100 per month on gasoline

Gasoline prices averaged $2.60 per gallon Friday -- the lowest level since Dec. 27, 2009.

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Moody’s: Gasoline savings turning into extra holiday spending in U.S.

The decline has been a modest tailwind for consumer spending this year and provided a bigger boost to household savings.

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