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Economy Watch: Slumping Gas Prices Good News for Retailers

August 16, 2016

 

 


 

Economy Watch: Slumping Gas Prices Good News for Retailers

August 11, 2016 | by Dees Stribling | Commercial Property Executive

With gas prices expected to fall in the next few months, the more consumers will likely spend on other things, which is good news for retailers.

Another good-news report for retailers ahead of the retail sales numbers coming late this week: the Energy Information Agency expects the retail price of regular gasoline to average $2.19 per gallon during the 2016 summer driving season (April through September), 6 cents per gallon lower than it projected in last month, and 44 cents lower than the average in summer 2015.

Not only that, the EIA expects that the U.S. average retail price of regular gasoline, which reached a peak of $2.37 per gallon in June, to fall to an average of $2.05 in September. And then it will fall to an average of $1.92 in December.

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Gil Armour, CFP
February 3, 2016

I have been using Blue Vault Partners for the past five years.  I have found them to be a valuable, unbiased resource when it comes to evaluating and comparing non-traded REITs.  The reports help me analyze which sponsors are doing a responsible job of managing their offerings.  This allows me to limit my REIT recommendations to only the most competitive products, and then track those REITs throughout their life cycle.