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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.
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
-George Santayana 
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:
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/wmtgas.jpg
 Michael Panzner: http://www.amazon.com/exec/obidos/ASIN/032124785X/ref=ase_thebigpictu09-20/102-4529470-0078540
 George Santayana: http://plato.stanford.edu/entries/santayana/
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