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


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



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» 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



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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