Chart of the Week: Walmart Relative Sales versus Gasoline Prices

Wednesday, August 24, 2005 | 05:30 AM

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.

>

Random Items:

Beneath the Economic Surface

Energy prices plummet as demand falls

Some predict bad news for big media

How the U.S. could beat the gloomy projections

Analysis: Why U.S. Telecom Has Fallen Behind

Berners-Lee on the read/write web
>

Quote of the Day:

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

Wednesday, August 24, 2005 | 05:30 AM | Permalink | Comments (1) | TrackBack (1)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post

bn-image

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c52a953ef00d83459fe2969e2

Listed below are links to weblogs that reference Chart of the Week: Walmart Relative Sales versus Gasoline Prices:

» Oil Contrarianism from The Stalwart
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 [Read More]

Tracked on Aug 25, 2005 5:19:13 PM

Comments

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.

Posted by: The Nattering Naybob | Aug 26, 2005 8:42:52 AM

The comments to this entry are closed.



Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      

Archives

Complete Archives List

Blogroll

Blogroll

Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:


Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites

FeedBurner


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo

Disclaimer

Disclaimer

Odds & Ends

Site by Moxie Design Studios™

FeedBurner