updated 11/14/2006 8:42:47 AM ET 2006-11-14T13:42:47

Retail sales dropped for a second consecutive month in October, reflecting in part big declines in the price of gasoline.

The Commerce Department reported Tuesday that retail sales fell by 0.2 percent last month after a revised decline of 0.8 percent in September.

The weakness reflected in part the big drop in gasoline pump prices, which pulled down sales at service stations by 0.6 percent in October. Excluding gasoline stations, retail sales would have been up by 0.4 percent in October.

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