If you are in St Louis, buy gas on a Tuesday or Wednesday
The pass through from low gas prices to U.S. consumer spending is a fraught issue and central banks say it is being distorted by the zero lower bound. Now another complication, if you are in St Louis.
According to calculations from the Federal Reserve Bank of St. Louis, you can save up to $60 a year if you buy gas on a Tuesday or Wednesday. Gas prices are most expensive on Fridays, Saturdays and Sundays and fall sharply in midweek, with Tuesday almost 4 cents a gallon cheaper than the average price.
"The simplest explanation is that most consumers aren't aware of the cycles. Even if some were aware, they may not care enough about saving a few dollars to change their behavior," the study found.