The extended period of lower gas prices has certainly been embraced by Americans, who also overwhelming say that low prices are good for the U.S. economy. But there are significant variations in what consumers say they are doing with their savings. More than half of all consumers say that they are either saving more or paying off debts. But are their winners in retail – and convenience stores are near the top of that list. We’ll examine why.
The hosts discuss the results of NACS consumer surveys that look at what consumers are doing with their gas price savings and if these consumers see any negatives related to lower prices.
Co-hosts: Jeff Lenard, VP of Strategic Industry Initiatives for the National Association of Convenience Stores; Donovan Woods, Director of Operations, Fuels Institute