Gas Prices, Hurricanes And Dining Out

Nationwide, gasoline prices have declined -1.3% week-over-week. However, it’s worth noting that the Northeast will be affected by a shortage of gas in the aftermath of Hurricane Sandy. Sandy will likely impact restaurant traffic trends over the next few weeks, similar to what happened in the South post-Katrina. Tight gasoline supplies led to a decrease in miles driven which, in turn, led to a deceleration in restaurant traffic.

Gas Prices, Hurricanes And Dining Out  - retailGAS