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Economy Watch: Slumping Gas Prices Good News for Retailers

August 16, 2016

 

 


 

Economy Watch: Slumping Gas Prices Good News for Retailers

August 11, 2016 | by Dees Stribling | Commercial Property Executive

With gas prices expected to fall in the next few months, the more consumers will likely spend on other things, which is good news for retailers.

Another good-news report for retailers ahead of the retail sales numbers coming late this week: the Energy Information Agency expects the retail price of regular gasoline to average $2.19 per gallon during the 2016 summer driving season (April through September), 6 cents per gallon lower than it projected in last month, and 44 cents lower than the average in summer 2015.

Not only that, the EIA expects that the U.S. average retail price of regular gasoline, which reached a peak of $2.37 per gallon in June, to fall to an average of $2.05 in September. And then it will fall to an average of $1.92 in December.

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Derek Hayes
Blue Vault's Services
April 14, 2016

BlueVault saves a lot of time and effort in obtaining good numbers for analysis and provides good insights to compare against my own.