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Consumer spending watch: Gas prices are down 28% since February's peak and analysts see another...

Consumer spending watch: Gas prices are down 28% since February's peak and analysts see another 20% drop coming up in the next few months. A rough estimate of the impact of lower gas prices on consumer spending is that a dime drop translates into $13B back into the wallets of consumers. Companies that could see a boost from the trend include Wal-Mart (WMT), Target (TGT), and Costco (COST) - while ETFs such as Consumer Discretionary Select Sector SPDR (XLY), Vanguard Consumer Discretionary (VCR), PowerShares Dynamic Consumer Discretionary (PEZ), and Market Vectors Retail (RTH) could also benefit.
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Comments (3)
  • abhay_agarwal
    , contributor
    Comments (60) | Send Message
     
    gas prices are down 28 cents and not per cent. analysts expect further fall of 20 cents and not per cent. it would be good if you read the reports carefully before jumping the gun. very shoddy reporting.
    29 Apr 2013, 07:30 AM Reply Like
  • william12
    , contributor
    Comments (38) | Send Message
     
    agree. very shoddy
    29 Apr 2013, 07:41 AM Reply Like
  • abhay_agarwal
    , contributor
    Comments (60) | Send Message
     
    and to think they sent out 13,135 emails...
    29 Apr 2013, 08:04 AM Reply Like
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