NRF: Economic Data Does Not Support an Imminent RecessionIndicators including employment, retail sales and income have seen slower growth, but none have contracted. Gas Prices Continue Uninterrupted Daily DeclinesThe price of gas has now fallen every day since hitting a record $5.01 on June 14. Tobacco Category Feels the Impact of Inflation in Q2 Higher gas prices are also affecting the core tobacco consumer, according to a recent Goldman Sachs survey. NRF: Inflation Does Not Damper Retail Sales Consumers are prioritizing essentials such as food, energy and back-to-school products. Gas Prices Steadily Decline as Demand Remains Low Lower crude prices also contribute to the falling national average. Fuel Demand Ticks Up as Prices Continue to Dip The new national average of $4.67 is 32 cents less than one month ago. NRF: Recession Risk Low in the Near Term Consumers remain financially healthy now and payroll growth is sturdy, according to the association. Larger Basket Sizes Drive In-Store Sales Despite Lower Trip Count The average weekly sales per store for all nonfuel products in Q1 was on par with the same period in 2021 when gas prices were much lower. Fuel Prices Drop as Demand Dips, but Relief Could Be Temporary Drivers may fill up more as the summer driving season gets in full swing. Kwik Trip Retains Top Spot Among Best U.S. Gas Station Brands Rounding out the top five are Hy-Vee, Parker's, Rutter's and Maverik. First Previous 20 21 22 23 24 Next Last