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The high price of gas is driving some Lowcountry motorists straight to the pawn shop.
They're pawning their possessions for gas money.
Jamie Clagett says he's never pawned anything before but today he has no choice.
“Gas is outrageous. I need money,” says Clagett.
Clagett says he's down to a quarter of a tank so he brought in his car stereo and a stack of
He's hoping to get at least $50.
“It's $42. Interest is $10.50 for 30 days,” the clerk said.
He plans to put every penny in his gas tank even though $42 won't come close to filling his truck up.
“It's $3.50 almost in some places around here for gas,” Clagett says.
A survey of area pawn shops across the area revealed that they've all seen an increase of folks pawning goods for gas money.
“They're bringing in their jewelry mostly to make ends meet from week to week,” says Jon Inman, the manager at Money Man Pawn Shop in
More and more construction workers are hocking their tools to get gas money to travel back and forth to jobs. And because the cost of everything has gone up, pawn shops are selling more items as well.
“People are shopping more because they can get it without paying retail,” Inman says.
Pawn Brokers say at one time folks used to pawn things to get extra money for say a week end outting, but these tough economic times have them coming in to get money for the necessities like gas.
Pawn Shop owners say their business is changing with the rising price of gas.
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