By Martin Baccardax Record high prices boosted gasoline sales, but the extra cash needed to fill American tanks was pulled from discretionary spending in the world’s biggest economy. U.S. retail sales fell last month May, Commerce Department indicated Wednesday, as consumers pulled back on discretionary spending amid the fastest inflation in four decades and record high gas prices. May retail sales fell 0.3% from the previous month to a collective $672.9 billion, the Commerce Department said, well shy of the Street consensus forecast of a 0.2% gain and snapping a fourth month run of consecutiv…
