Content about Gasoline and diesel usage and pricing

October 4, 2012

Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar.

New York -- Costco Wholesale Corp. reported a better-than-expected 6% rise in September same-store sales, helped by higher gasoline prices and a stronger dollar. Excluding the impact of gasoline prices and foreign exchange, comparable September same-store sales rose 5%.

Net sales rose 8% to $9.31 billion in the five weeks ended Sept. 30. Costco, which currently operates 608 warehouses, said it plans to open up to 14 new warehouses prior to the end of calendar year 2012.

May 7, 2012

The mild winter weather across much of the country helped to offset the negative impact that rising gas prices traditionally have on convenience store visits, according to The NPD Group.

New York -- The mild winter weather across much of the country helped to offset the negative impact that rising gas prices traditionally have on convenience store visits, according to The NPD Group. NPD’s Convenience Store Monitor reports that in the first calendar quarter of 2012 compared with same quarter a year ago, c-store traffic increased by five percentage points from a year ago quarter and by six percentage points at major oil chain c-stores.

March 13, 2012

The National Retail Federation released information that showed a year-over-year retail sales rise of 8.6% in February, marking 20 consecutive months of sustained growth.

Washington, D.C. -- The National Retail Federation released information on Tuesday that showed a year-over-year retail sales rise of 8.6% in February, marking 20 consecutive months of sustained growth.

The seasonally adjusted increase -- stronger than expected -- was 0.5%, which excludes automobiles, gas stations and restaurants.

March 12, 2012

The latest column released by Chain Store Age contributor Jeff Green suggests that increases at the gas pump and a warmer-than-average winter could dampen consumer confidence and negatively impact sales.

New York City -- The latest column released by Chain Store Age contributor Jeff Green suggests that increases at the gas pump and a warmer-than-average winter could dampen consumer confidence and negatively impact sales.

Click here to read this week’s Retail Rap by Jeff Green.

March 12, 2012

Well, 2012 is certainly off to a wild start. While there’s been nothing quite as dramatic and earth shattering as last year’s tsunami in Japan, there are plenty of global events and outside influences affecting our industry.

Well, 2012 is certainly off to a wild start. While there’s been nothing quite as dramatic and earth shattering as last year’s tsunami in Japan, there are plenty of global events and outside influences affecting our industry. I’m talking about the increases we’re seeing at the gas pumps and the warmer-than-average winter we’ve been experiencing throughout the country.

December 22, 2011

U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.

NEW YORK — U.S. consumer confidence rose more than forecast in December, to a six-month high, amid declining unemployment and lower gas prices.  The Thomson Reuters/University of Michigan consumer sentiment index climbed to 69.9 from 64.1 at the end of November.   The metric averaged 89 points in the five years leading up to the recession.

July 15, 2011

A report released Thursday by the National Retail Federation, which expanded on earlier news by the U.S. Commerce Department, showed that warm weather, reduced gas prices and strong Father’s Day promotions helped power retail sales for the 12th consecutive month and past Wall Street expectations.

Washington, D.C. — A report released Thursday by the National Retail Federation, which expanded on earlier news by the U.S. Commerce Department, showed that warm weather, reduced gas prices and strong Father’s Day promotions helped power retail sales for the 12th consecutive month and past Wall Street expectations.

According to the NRF, retail industry sales (which exclude automobiles, gas stations, and restaurants) in June increased 0.3% seasonally adjusted from May and 5.5% unadjusted year-over-year.

June 30, 2011

A report released Thursday by Bloomberg said that consumer confidence reached its highest level in 10 weeks, thanks to falling gas prices and despite a 9.1% unemployment rate.

Washington, D.C. -- A report released Thursday by Bloomberg said that consumer confidence reached its highest level in 10 weeks, thanks to falling gas prices and despite a 9.1% unemployment rate.

The Bloomberg Consumer Comfort Index increased to minus 43.9 for the period ended June 26, after dropping to minus 44.9 the prior week. According to the report, falling fuel costs are reducing consumer stress.

June 14, 2011

A report released Tuesday by the Commerce Department showed that total U.S. retail sales fell 0.2% in May, a less-than-forecast dip following April’s 0.3% gain.

Washington, D.C. -- A report released Tuesday by the Commerce Department showed that total U.S. retail sales fell 0.2% in May, a less-than-forecast dip following April’s 0.3% gain. It was the first drop in 11 months. Excluding autos, retail sales rose 0.3% last month, the smallest gain since July 2010.

May 9, 2011

In its most recent consumer sentiment and behavior survey, Technomic, the Chicago-based food industry research firm, found that 84% of consumers believe that grocery prices have risen in the past three months and 62% believe restaurant prices have risen.

Chicago -- In its most recent consumer sentiment and behavior survey, Technomic, the Chicago-based food industry research firm, found that 84% of consumers believe that grocery prices have risen in the past three months and 62% believe restaurant prices have risen.

Bob Goldin, executive VP of Technomic, believes that the rapid rise in gas prices, now at record highs, has raised consumer sensitivity to price increases in grocery stores and restaurants.

April 26, 2011

Consumer confidence recovered somewhat in April, though the impact of rising gasoline prices is still evident, according to data released Tuesday by the Conference Board.

New York City -- Consumer confidence recovered somewhat in April, though the impact of rising gasoline prices is still evident, according to data released Tuesday by the Conference Board.

The confidence index hit 65.4 in April, from an upwardly revised 63.8 in March. The reading is still below the 72.0 mark of February.

April 13, 2011

Retail sales increased 0.4% last month, the Commerce Department said Wednesday, buoyed by rising gasoline revenue.

Washington, D.C. -- Retail sales increased 0.4% last month, the Commerce Department said Wednesday, buoyed by rising gasoline revenue. The gain in March, the ninth consecutive monthly increase, was the smallest since the string began last summer.

The increase shrank to a 0.1% when sales at gasoline stations were excluded. However, the biggest decline in auto sales in more than a year also pulled down overall sales. When taking out sales at gas station and of autos, retail sales rose 0.6%.

April 12, 2011

A report released Tuesday by First Data Corp. found that, despite tough comps and a late Easter, March 2011 same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations showed a steady uptick.

Atlanta -- A report released Tuesday by First Data Corp. found that, despite tough comps and a late Easter, March 2011 same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations showed a steady uptick.

April 7, 2011

Shoppers surprised analysts in March by spending stronger than expected during the month, despite rising gas prices, cooler-than-normal temperatures and a late Easter.

New York City -- Shoppers surprised analysts in March by spending stronger than expected during the month, despite rising gas prices, cooler-than-normal temperatures and a late Easter. The Thomson Reuters Same-Store Sales Index rose 1.7% in March, beating estimates, which called for a decrease of 0.7%.

March 21, 2011

Shoppers plan to wait until next year and beyond to spend generously again, a survey on Monday showed, in an early sign that rising gasoline prices could make the spring selling season tough for retailers, Reuters reported.

New York City -- Shoppers plan to wait until next year and beyond to spend generously again, a survey on Monday showed, in an early sign that rising gasoline prices could make the spring selling season tough for retailers, Reuters reported.

About three-quarters of Americans surveyed by America's Research Group said they were shopping less due to rising gas prices, with more than 62% of the participants planning to spend generously only next year or beyond.

March 11, 2011

A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

Ann Arbor, Mich. -- A report released Friday by Thomson Reuters/University of Michigan showed that confidence among U.S. consumers fell more than forecast in March, precipitated by a surge in fuel prices.

The Thomson Reuters/University of Michigan Consumer Sentiment Index fell to 68.2, the lowest in five months, from 77.5 in February. The gauge was projected to decline to 76.3, according to a Bloomberg News survey. The index of expectations plunged to the lowest level since March 2009.
 

March 10, 2011

A report released Thursday showed that consumer confidence fell last week to the lowest level in a month, negatively impacted by rising fuel prices.

Washington, D.C. -- A report released Thursday showed that consumer confidence fell last week to the lowest level in a month, negatively impacted by rising fuel prices.

The Bloomberg Consumer Comfort Index dropped to minus 44.5 in the week ended March 6, from the prior week’s minus 39.7, which was close to the highest in almost three years. Surging gas prices have left Americans concerned about personal finances.

March 2, 2011

Retail sales in February rose in most categories ranging from clothing to furniture, despite winter storms and rising gas prices, MasterCard Advisors' SpendingPulse, which tracks spending in all forms including cash.

New York City -- Retail sales in February rose in most categories ranging from clothing to furniture, despite winter storms and rising gas prices, MasterCard Advisors' SpendingPulse, which tracks spending in all forms including cash. While the increase maintains the positive performance that began in fall 2010. However, February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period.

March 1, 2011

The global PC-based point-of-sale market grew a solid 6.9% in 2010, according to new research from IHL Group, a global research and advisory firm.

New York City -- The global PC-based point-of-sale market grew a solid 6.9% in 2010, according to new research from IHL Group, a global research and advisory firm.

Shipments grew in all four major worldwide regions (North America, Europe/Middle East Africa, Latin/South America, and Asia/Pacific). Strong double-digit growth in the Asia/Pacific region was driven by new shipments in China, India, Korea, and Indonesia, according to the research. 

February 28, 2011

A report released Monday by the Commerce Department showed that consumer spending in the United States in January edged up 0.2%, curbed by increased food and gas prices.

Washington, D.C. -- A report released Monday by the Commerce Department showed that consumer spending in the United States in January edged up 0.2%, curbed by increased food and gas prices.

The results missed Bloomberg News forecasts and represented the smallest gain since June.

Incomes beat projections by climbing 1%, according to the report, reflecting the tax-cut compromise reached by President Obama and Congressional Republicans in December, and inflation remained below the Federal Reserve’s long-term forecast.

July 13, 2010

Retail spending dropped 0.5% in June, the Commerce Department reported Wednesday. But much of the...

June 1, 2010

Ireland-based fuel and convenience retailer Topaz has selected a suite of products from KSS to...

May 25, 2010

Nearly three out of five American consumers (57.7%) say they will be forced to cut...

January 5, 2009

To compensate for dropping fuel prices, Ukrop’s Super Markets cut the savings offered in its...

December 21, 2008

As gas prices continue to drop, shoppers are choosing to spend these savings on groceries,...