Insight Report 3 minutes PremiumUS Gas Prices See a Double-Digit Increase, but Discretionary Spending Looks Solid Coresight Research May 15, 2018 Executive Summary US gas prices are seeing a double-digit increase year over year, threatening to pressure consumers’ disposable incomes. Traditionally, higher gas prices have prompted a weakening in discretionary retail sales growth. However, we have not seen this pattern in recent months. Consumer sentiment and retail sales have so far held up, as tax reforms and solid economic growth provide an otherwise-benign environment. We remain bullish on the prospects for US retail in 2018. We expect total retail sales excluding automobiles and gasoline to rise by around 4.4% to $3.6 trillion. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Diving into the Diverse Underserved US Beauty Market: Insights Presented at the Inside Beauty ForumInnovator Profile: Hyran Technologies Uses AI To Drive Profitability and Sustainability in the Fashion Supply ChainWeinswig’s Weekly: Pioneer the Future of Retail at NextGen Commerce, a Coresight Research AI ConferenceRetailTech: Retail’s Green Revolution—Five Technologies Driving Sustainability