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.

Relative
Walmart Sales versus Gasoline

click for much larger chart
>

Wmtgas

Source: Michael Panzner

>
While
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.

>

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Quote
of the Day:

“There is no cure for birth or death save to enjoy the
interval.” 
-George Santayana 

Category: Commodities, Retail

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Chart of the Week: Walmart Relative Sales versus Gasoline Prices”

  1. The Stalwart says:

    Oil Contrarianism

    Jeff Matthews offers a simple observation about the world’s oil market:There’s Nigeria (10% of U.S. crude oil imports), which is run by a “former military ruler” who was about as “freely elected” as Saddam Hussein back in his glory days

  2. Barry,

    Excellent work and yes it’s boomerang time. Whether it be high oil prices, terrorist activity or global pandemic, or a combination of the above? Take your pick.