retail sales up 0.8% m.o.m.; gasoline sales up 4%

[jk]

http://www.census.gov/retail/marts/w...ts_current.pdf

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for November, adjusted for
seasonal variation and holiday and trading-day differences, but not for price changes, were $378.7 billion, an increase of 0.8 percent
(±0.5%) from the previous month, and 7.7 percent (±0.7%) above November 2009.

if you look at the tables of components, you'll see that adjusted gasoline sales are up 4% month over month, 9% year over year. this is nominal cost, i.e. dollars spent, not a measure of volume consumed.

[zoog]

Re: retail sales up 0.8% m.o.m.; gasoline sales up 4%

http://www.census.gov/retail/marts/w...ts_current.pdf

if you look at the tables of components, you'll see that adjusted gasoline sales are up 4% month over month, 9% year over year. this is nominal cost, i.e. dollars spent, not a measure of volume consumed.

That's roughly corroborated by EIA data showing 2% MOM and 8% YOY.

[Slimprofits]

Re: retail sales up 0.8% m.o.m.; gasoline sales up 4%

http://www.census.gov/retail/marts/w...ts_current.pdf

if you look at the tables of components, you'll see that adjusted gasoline sales are up 4% month over month, 9% year over year. this is nominal cost, i.e. dollars spent, not a measure of volume consumed.

I'm in Eastern Mass and the average price has gone up from $2.60 to just over $3.00 since 10/1.

And nationally:

http://www.gasbuddy.com/gb_retail_pr...rt.aspx?time=1



The price action has completely changed since the Winter of 2007. Within the context of other pressure points, the gas price used to fluctuate based on the rise in demand during the Summer and the drop in demand during the Winter.

http://www.gasbuddy.com/gb_retail_pr...rt.aspx?time=1