Retail Sales Jump 1.1 Percent

    A man pumps gas into his vehicle at a gas station in Monterey Park, Los Angeles County, on October 5, 2012 in California. The average price for a gallon of self-serve regular gasoline in Los Angeles County recorded what is believed to be the largest single-day increase today, its highest amount since July 12, 2008, rising 19.2 cents to $4.539 a gallon, according to the California News Service, with the average price increasing by more than 1 cent on each of the past seven days, including 8.8 cents on October 4 and 5.8 cents on October 3. AFP PHOTO / Frederic J. BROWN        (Photo credit should read FREDERIC J. BROWN/AFP/GettyImages)

    Frederic J. Brown / AFP-Getty Images

    Who says expensive gasoline is a bad thing? Retail sales surged 1.1 percent in September from August, better than analysts’ expectations. Sure, higher gas prices accounted for a chunk of the gain. But the data suggest that jobs growth, rising home values, and higher consumer confidence is supporting more robust consumer spending.

    Read it at the Census Bureau