Over the past decade, when gasoline prices have been
falling, year-on-year same-store sales gains at Wal-Mart have tended to outpace
the growth in overall retail sales and vice versa.
Walmart Sales versus Gasoline
click for much larger chart
Source: Michael Panzner
it is not necessarily causal, it lends some credence to the idea that the
working-class customers of the nation’s largest retailer adjust their spending
in response to what they must pay at the pump.
of the Day:
“There is no cure for birth or death save to enjoy the