The Conference Board said Tuesday that its consumer confidence index rose 7.5 points to 91.7 in October from 84.2 last month. September's reading was the lowest in the board’s survey since April 2014 and below the lowest level reached during the pandemic.
“The recovery was in line with retail gasoline prices easing from September to October,” said Fergus McCormick, a senior economist for The Conference Board. “Yet, despite the increase in October, consumer confidence remained on the long-term downward trend that’s persisted over the past few years.”
According to the auto club AAA, the average price for a gallon of regular gas in the U.S. was $4.27 Tuesday, down from $4.48 a month ago.
