Chart of the Week: Walmart Relative Sales versus Gasoline Prices
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
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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Tracked on Aug 25, 2005 5:19:13 PM
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
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