American consumers, who kept shopping through rising fuel costs and delayed tax refunds, will probably continue buoying the world’s largest economy as these hurdles dissipate.
After reaching a four-month high in February, gasoline prices have retreated in March at a time when they typically rise. Cash returns from the Internal Revenue Service, held up when an agreement to avert the fiscal cliff came at the last minute, have almost caught up to last year’s pace.
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