NEW YORK (CNN/Money) - Honoring thy father doesn't mean breaking the bank.
And this Father's Day, Dad may get a little less, partly because of higher gas prices, according to a survey by the National Retail Federation, a group of the nation's biggest store chains.
The average consumer will spend $86.19 on gifts for the holiday, down from a high of $99.65 last year, with Father's Day spending this year expected to reach $8 billion, according to the NRF.
"Consumers still appear a little cautious when it comes to discretionary spending. Father's Day spending could be reflecting the impact of higher gas prices and the situation in Iraq," NRF CEO Tracy Mullin said in a statement.
The survey found that 72.1 percent of those polled will celebrate Father's Day, up from last year, but still less than the 81.8 percent of consumers who celebrated Mother's Day in May, spending $10.4 billion on the holiday.
Women are largely to blame for the decrease in spending, said the NRF, spending an average of $89.77 compared with $101.38 on Father's Day last year. Men will spend an average of $82.19, up from $70.89 last year.
Although the numbers imply that taking mom to brunch is more fun than taking dad fishing, 41.6 percent of consumers said they are planning a special outing for Father's Day, which falls on June 20.
And most fathers can at least expect a card, with nearly three in four consumers saying they would send at least one.
As for other popular gifts, 35.6 percent of respondents said they will buy clothing, 27.6 percent will give gift certificates, and 23.8 percent plan to buy books or CDs.
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