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Chart of the Week: Walmart Relative Sales versus Gasoline Prices

Posted By Barry Ritholtz On August 24, 2005 @ 5:30 am In Commodities,Retail | Comments Disabled

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 [1]

Source: Michael Panzner [2]

>
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
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Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/08/chart-of-the-week-walmart-relative-sales-versus-gasoline-prices/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/wmtgas.jpg

[2] Michael Panzner: http://www.amazon.com/exec/obidos/ASIN/032124785X/ref=ase_thebigpictu09-20/102-4529470-0078540

[3] George Santayana: http://plato.stanford.edu/entries/santayana/

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