Gas Prices Plummet Ahead of Thanksgiving TravelLower demand and increased supply mean drivers will likely see pump prices decline through the holiday. Nearly 49M Motorists to Hit the Road This ThanksgivingOverall, approximately 54.6 million people will travel 50 miles or more from home between Nov. 23–27. Consumers Focus on Value as Inflation Weighs on Holiday Shopping Food and beverage prices in October increased 1.4 percent vs. September. Paytronix: Loyalty Members Spend More Despite Economic Headwinds The annual spend for convenience loyalty members increased nearly 40 percent from 2020 to 2021. Gas Prices Move Higher Despite Decreased Demand Concerns about global supplies nudged pump prices up, but this rise may be short lived. Six Trends Shaping Food & Beverage Consumption Income bifurcation, a return to convenience and other factors are molding daily eating patterns. Gas Prices Continue Downward Trend Fluctuating oil prices and low demand contribute to the national average decline. C-store Operators Turn to Self-Checkout to Compete Retailers adapt to outside pressure by embracing speed, adding fresh offerings and reallocating store space. Pain at the Pump Eases as Fueling Trips & Oil Prices Dip The national average has declined daily since Oct. 11. Pressures on Tobacco Consumer Drive Shift in Backbar Purchases The third-quarter 2022 Nicotine Nuggets survey finds a rise in downtrading. First Previous 18 19 20 21 22 Next Last
