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: US Apparel and Beauty Spending Tracker: January 2023 Clothing and Footwear Spending Shows Continued Strong GrowthEarnings Insights 3Q23, Week 1: Deckers, Skechers, L’Oréal and Procter & Gamble Report Solid Results; Amazon Sees Further Improvement in Online SalesThree Data Points We’re Watching This WeekInsights Video: Earth Day 2023—Sustainability in Retail