Retail gasoline prices have risen by a dollar over the past 12 months as the economy began to reopen, increasing demand for fuel. Higher pump prices are now crimping consumer budgets and putting a brake on household spending on non-energy items, according to analysts. Prices at the pump as of Oct. 5 have soared to $3.20 per gallon for regular gasoline, which is slightly over a dollar higher than a year ago. “Historically, there is a tight relationship between changes in retail gas prices and consumer spending on energy goods and services,” Deutsche Bank analysts wrote in a recent report. This relationship, they noted, suggests that a 1 cent rise in gas prices increases spending on energy and thus reduces income for non-energy related goods and services by $1.18 billion. “Based on this relationship, the 101 cents increase in gas prices from one year ago would be expected to lead to a reduction in …