BUSINESSMARKETWATCH
High gas prices soak up more retail-sales dollars — and restaurants are paying the bill
High gas prices are causing Americans to spend more on fuel and less on dining out, reflecting economic strain linked to the conflict with Iran. This shift indicates consumers are prioritizing essential expenses over discretionary spending.
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Adjacent reporting
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
- How Americans are handling a gas price spike
- From unfilled gas tanks to fewer frills, retailers see US consumers rethink their spending
- Walmart warns US shoppers are cutting spending as higher gas prices bite
- Walmart and Target are about to show just how much shopping habits have changed due to the Iran war