Making a trip to town for a few purchases has fallen back a touch as gasoline retailers wait impatiently for the summer driving season to kick into high gear. --

A combination of fewer trips to department stores and a reduction in gas purchases pushed retail sales down 0.3 percent in May.

The glut of gasoline has driven the average price for a gallon of gas to levels last seen in 2005.

However, last month increasing fuel prices helped roll the annualized inflation rate up to 2.4 percent.

Already seeing the economic handwriting on the wall, the Federal Reserve raised interest rates this week to 1.25 percent.