{"id":5638,"date":"2014-10-20T15:59:36","date_gmt":"2014-10-20T21:59:36","guid":{"rendered":"http:\/\/www.regiontrack.com\/www\/?p=5638"},"modified":"2014-10-20T15:59:36","modified_gmt":"2014-10-20T21:59:36","slug":"pic-of-the-week-weak-gasoline-sales-reflect-soft-crude-prices-10202014","status":"publish","type":"post","link":"https:\/\/www.regiontrack.com\/www\/pic-of-the-week-weak-gasoline-sales-reflect-soft-crude-prices-10202014\/","title":{"rendered":"Pic-of-the-Week: Weak Gasoline Sales Aid Consumers (10\/20\/2014)"},"content":{"rendered":"

Weak Gasoline Sales Weighing on Retail Activity\u00c2\u00a0but Aiding Consumers.<\/strong>\u00c2\u00a0Retail sales at gasoline stations have remained stuck in a holding pattern since early 2011 at about $45 billion per month.\u00c2\u00a0Strong domestic crude production coupled with only a modest rebound in vehicle miles driven continue\u00c2\u00a0to put steady downward pressure on gasoline prices, and, subsequently, total purchases. Measured as a share of all retail sales, gasoline station sales have declined steadily from just below\u00c2\u00a012% in early 2011 to only about\u00c2\u00a0a 10% share currently.<\/p>\n

<\/p>\n

\"potw_1_20141020\"<\/a><\/p>\n

This presents\u00c2\u00a0a tough market for gasoline retailers but acts as\u00c2\u00a0a tailwind for the consumer and the broader domestic economy. Under typical historical growth trends, gasoline retailers would be enjoying (and consumers paying) an additional $5-10 billion per month in revenue.<\/p>\n

This is a\u00c2\u00a0key factor that should aid\u00c2\u00a0consumer spending and provide further support to\u00c2\u00a0the expansion going into 2015.<\/p>\n

Sign up<\/a>\u00c2\u00a0to receive RegionTrack’s PIC OF THE WEEK!
\n[email_link]\n","protected":false},"excerpt":{"rendered":"

Weak Gasoline Sales Weighing on Retail Activity\u00c2\u00a0but Aiding Consumers.\u00c2\u00a0Retail sales at gasoline stations have remained stuck in a holding pattern since early 2011 at about $45 billion per month.\u00c2\u00a0Strong domestic crude production coupled with only a modest rebound in vehicle miles driven continue\u00c2\u00a0to put steady downward pressure on gasoline prices, and, subsequently, total purchases. Measured…<\/p>\n","protected":false},"author":1,"featured_media":5637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[13,1],"tags":[45,54],"post_series":[],"class_list":["post-5638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pic-of-the-week","category-uncategorized","tag-energy-prices","tag-gasoline","entry","has-media"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t