Chart of the Day: S&P500 following Gasoline Price Surges


Chart of the Day
looks at how the stock market has responded to significant increases in gasoline prices over the past 25 years.


S&P500 following Gasoline Price Surges

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Source: Chart of the Day

Its apparent the stock market struggles following a
year-over-year increase of more than 15%. Gasoline has increased well
over 15% over the past 12 months and has the potential of negatively
impacting consumer spending. For example, a recent California poll
shows that 40% have cut back on spending as a result of high gasoline
prices.

This is consistent with an Opinion Research Corporation survey cited by ICSC.org.
It showed that 58% of households are reducing their discretionary
spending on clothing, shoes, jewelry and consumer electronics, as well
as restaurants, spa and beauty services, and other nonessential
purchases.

 

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  1. Zmetro.com commented on Sep 3

    S & P 500 Following Gasoline Price Surges

    Barry Ritholtz:Chart of the Day looks at how the stock market has responded to significant increases in gasoline prices over the past 25 years….

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