Content about Gasoline and diesel usage and pricing

May 16, 2012

Concern over rising fuel prices has eclipsed unemployment — the leading worry since 2009 — as the No. 1 factor that keeps retailers up at night, according to a study released by BDO USA on Monday, though the current uptick in consumer spending somewhat alleviates that concern.

CHICAGO — Concern over rising fuel prices has eclipsed unemployment — the leading worry since 2009 — as the No. 1 factor that keeps retailers up at night, according to a study released by BDO USA on Monday, though the current uptick in consumer spending somewhat alleviates that concern. "Despite a dip in April, consumer spending has been improving, and retail executives feel that their strategy adjustments are on point," stated Doug Hart, partner in the Retail and Consumer Products Practice at BDO USA.

March 13, 2012

Retail sales continue to rise for 2012 as the U.S. Census Bureau reported results of February sales on Tuesday.

WASHINGTON — Retail sales continue to rise for 2012 as the U.S. Census Bureau reported results of February sales on Tuesday.

U.S. retail and food services sales for February, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $407.8 billion, an increase of 1.1% from the previous month and 6.5% above the year-ago period. Retail trade sales were up 1.1% from last month and 6.3% above last year.

December 16, 2011

AAA forecasts 91.9 million Americans will travel 50 miles or more from home during the 2011-2012 year-end holiday travel season, a 1.4% increase over the 90.7 million people who traveled one year ago, the travel organization announced earlier this week.

WASHINGTON — AAA forecasts 91.9 million Americans will travel 50 miles or more from home during the 2011-2012 year-end holiday travel season, a 1.4% increase over the 90.7 million people who traveled one year ago, the travel organization announced earlier this week. This year’s expected year-end holiday travel volume is the second-highest in the past decade and represents 30% of the total U.S. population.

August 24, 2011

For the first time this year, the number of holiday air travelers is expected to decline for a major travel holiday as airfares are up 13%, AAA reported Wednesday. The number of overall holiday travelers likewise is projected to decline as compared with last year.

ORLANDO, Fla. — For the first time this year, the number of holiday air travelers is expected to decline for a major travel holiday as airfares are up 13%, AAA reported Wednesday. The number of overall holiday travelers likewise is projected to decline as compared with last year.

August 5, 2011

Despite gas prices being more than 30% higher than last year, cross-channel shopping is alive and well in the consumer packaged goods industry, according to a SymphonyIRI Group report released Thursday.

CHICAGO — Despite gas prices being more than 30% higher than last year, cross-channel shopping is alive and well in the consumer packaged goods industry, according to a SymphonyIRI Group report released Thursday.

August 4, 2011

Costco and BJ’s Wholesale Club continue to produce solid sales growth, aided by high gas prices, shoppers’ desire to save money and the clubs’ ability to pass through the cost of food price inflation.

ISSAQUAH, Wash., and WESTBOROUGH, Mass. — Costco and BJ’s Wholesale Club continue to produce solid sales growth, aided by high gas prices, shoppers’ desire to save money and the clubs’ ability to pass through the cost of food price inflation.

July 11, 2011

Size matters, especially if it’s the size of the monthly fuel bill. Just because gas prices haven’t eclipsed $5 as many analysts had feared, doesn’t mean those lower-than-expected prices at the pump aren’t impacting buying and trip decisions, as evidenced by this latest survey.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Size matters, especially if it’s the size of the monthly fuel bill. Just because gas prices haven’t eclipsed $5 as many analysts had feared, doesn’t mean those lower-than-expected prices at the pump aren’t impacting buying and trip decisions, as evidenced by this latest survey. 

July 7, 2011

Nearly 80% of consumers plan to offset the burden of rising gas prices by altering their shopping behaviors, according to new research.

NEW YORK — Nearly 80% of consumers plan to offset the burden of rising gas prices by altering their shopping behaviors, according to new research.

The survey, conducted by market information leader TNS, also found that 35% of respondents are removing items from their "typical" grocery list to save money. Other ways consumers are saving money is by purchasing private-label items over national brands (30%) and opting to shop at discount outlets over traditional retail outlets (32%).

June 29, 2011

Walmart announced that it will offer customers savings of 10 cents a gallon on all fuel, gas and diesel at participating Murphy USA and Walmart gas stations. The reduction is part of a 90-day Rollback program.

BENTONVILLE, Ark. — Walmart announced that it will offer customers savings of 10 cents a gallon on all fuel, gas and diesel at participating Murphy USA and Walmart gas stations. The reduction is part of a 90-day Rollback program.

The program will be implemented across 18 states.

June 28, 2011

Looming gas prices are taking a toll on consumers' shopping habits, according to a special report by SymphonyIRI Group.

CHICAGO — Looming gas prices are taking a toll on consumers' shopping habits, according to a special report by SymphonyIRI Group.

June 2, 2011

Costco Wholesale and BJ’s Wholesale reported strong sales growth and produced impressive comps even without the benefit of fuel sales.

ISSAQUAH, Wash. and WESTBOROUGH, Mass. — Costco Wholesale and BJ’s Wholesale reported strong sales growth and produced impressive comps even without the benefit of fuel sales.

Costco reported that net sales for the month of May increased 17% to $7.14 billion from $6.09 billion last year. This year’s May results period included sales from the company's Mexico joint venture. If these sales are excluded, Costco’s net sales increase would have been 14%.

June 1, 2011

According to a AAA telephone survey released last week, more than half of those surveyed have adopted such relatively simple conservation changes as utilizing trip chaining, reducing shopping trips, dining out less and driving less because of higher gas prices.

WASHINGTON — According to a AAA telephone survey released last week, more than half of those surveyed have adopted such relatively simple conservation changes as utilizing trip chaining, reducing shopping trips, dining out less and driving less because of higher gas prices.

As many as 62% of respondents already have combined shopping trips and errands, and if the price of gas should reach $5 per gallon, 68% reported they would combine trips.

May 20, 2011

An Associated Press/GfK poll released Friday determined that rising gas prices will cause “serious” hardship for as much as 41% of Americans.

WASHINGTON — An Associated Press/GfK poll released Friday determined that rising gas prices will cause “serious” hardship for as much as 41% of Americans.

Almost 3-in-4 adults acknowledged that $4 per gallon or more at the pump will at least cause some hardship.

May 19, 2011

Consumers today are a lot less skittish about rising gas prices than they were in 2008, Nielsen reported.

CHICAGO — Consumers today are a lot less skittish about rising gas prices than they were in 2008, Nielsen reported.

“Unlike 2008, when the average price for regular gas jumped above $4 a gallon, today’s improving job market and strengthening economy are helping consumers cope better than during this recent economic downturn,” wrote Todd Hale, SVP consumer and shopper insights for Nielsen, in a report released Thursday.

May 12, 2011

U.S. retail sales rose for the 10th consecutive month in April, increasing 0.5% to $389.4 billion, the U.S. Census Bureau reported Thursday.

WASHINGTON — U.S. retail sales rose for the 10th consecutive month in April, increasing 0.5% to $389.4 billion, the U.S. Census Bureau reported Thursday.

The government agency also disclosed retail sales experienced a 7.6% jump above the year-ago period. Across retail sectors, grocery stores during April rose 1.5% to nearly $45.9 million, up from $45.3 million in March; while health and personal care stores, which have experienced positive numbers over the past several months, saw a surprise drop of 0.3% to nearly $22.7 million for the month.

May 9, 2011

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 28, 2011

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

NEW YORK — Consumer confidence recovered somewhat in April, though the impact of rising gasoline prices still is 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 still is below the 72.0 mark of February.

April 25, 2011

NEW YORK — Within the next three months, a gallon of gas is expected to exceed $4.11, which previously marked the highest historical U.S. retail price set in July 2008. Prior to that, the highest that gas prices had ever been was $3.46 in March 1981. 


April 25, 2011

NEW YORK — Oil demand worldwide hit record levels in 2010 and is expected to increase another 1.4% through 2011. That increase in demand coupled with the volatility within many oil-producing countries is what is fueling the speculation of ever-rising gas prices. Here are the countries to watch for in the news:

Libya

April 6, 2011

Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

PURCHASE, N.Y. — Most retail segments showed solid year-over-year retail growth in March, according to MasterCard Advisors SpendingPulse, a macroeconomic report tracking national retail and services sales.

March 18, 2011

Food prices reached peak levels last month, according to the Labor Department's Producer Price Index.

NEW YORK — Food prices reached peak levels last month, according to the Labor Department's Producer Price Index.

The index noted that the month of February experienced a surge of 3.9% in food prices, the largest increase since a 4.2% climb reported in November 1974. PPI also noted that about 70% of the February rise can be attributed to higher prices for fresh and dry vegetables, which jumped 48.7%.

March 4, 2011

Analysts already are speculating dire outcomes if the price of a gallon of gas eclipses $5 this summer on account of Middle East turmoil today. Any additional strains on the supply chain system, such as increased operational costs as high as 20%, would only make matters worse.

WHAT IT MEANS AND WHY IT’S IMPORTANT — Analysts already are speculating dire outcomes if the price of a gallon of gas eclipses $5 this summer on account of Middle East turmoil today. Any additional strains on the supply chain system, such as increased operational costs as high as 20%, would only make matters worse.

(THE NEWS: Rising gas prices not only factor driving supply chain costs. For the full story, click here)

March 3, 2011

Kroger on Thursday beat analysts’ quarterly consensus, posting 46 cents in earnings per share (adjusted for a goodwill impairment charge) that exceeded consensus by 2 cents EPS, with a higher-than-expected identical-store sales lift of 3.8% (excluding fuel).

CINCINNATI — Kroger on Thursday beat analysts’ quarterly consensus, posting 46 cents in earnings per share (adjusted for a goodwill impairment charge) that exceeded consensus by 2 cents EPS, with a higher-than-expected identical-store sales lift of 3.8% (excluding fuel).

Same-store sales were particularly strong across natural food, bakery and deli/meat, Kroger chairman and CEO David Dillon told analysts during a conference call. “We were particularly pleased by sales growth in our drug and merchandise departments,” Dillon said.

March 3, 2011

Retail sales in February rose in most categories, despite winter storms and rising gas prices, according to MasterCard Advisors' SpendingPulse.

NEW YORK — Retail sales in February rose in most categories, despite winter storms and rising gas prices, according to MasterCard Advisors' SpendingPulse.

The increase maintained the positive performance that began in fall 2010, but February’s year-over-year growth rates were smaller in most categories than those recorded in the November 2010 through January 2011 period.