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Beer sales drop as gas prices surge across US
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBeer, malt beverage and cider sales volumes fell 6.3 percent in the four weeks ending May 2, according to Nielsen data. The decline is primarily attributed to surging gas prices, which are forcing American consumers to reduce discretionary spending on impulse purchases. Convenience stores and gas stations experienced the steepest drops in sales, with volumes down about 9 percent year over year. California saw the largest decrease in beer sales nationwide at 16 percent, correlating with its persistently high gas prices, while Arizona and Texas also reported significant declines. The overall drop in alcohol consumption is also influenced by younger generations drinking less due to health concerns, contributing to a record-low national drinking rate. In fullBeer demand across the US is plunging - and the Iran war could be to blameThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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cnbc.com
Beer demand stumbles as gas prices surge, data shows
U.S. beer sales slump as higher gas prices squeeze consumers, with convenience stores and high-fuel-cost states with higher-cost fuel seeing the sharpest declines.
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marketplace.org
Alcohol sales are down. Are gas prices partially to blame?
According to NielsenIQ, sales of alcoholic beverages fell 5.4% in April compared to the same month last year. The decline is most pronounced at convenience stores.
