Record Surge in Gasoline Receipts Boosts US Retail Sales in March

Record gasoline surge boosts US retail sales

WASHINGTON — U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned spending elsewhere.

Retail Sales: Strong Spending Supports, But for How Long?

Fueled by higher gas prices, retail sales see biggest monthly jump in years

Retail and restaurant sales hit $752.1 billion in March, up 1.7% from February, according to a Commerce Department report released Tuesday. But an expert said much of the growth was driven by higher gas prices.

U.S. retail sales surge as gas prices spike from Iran war | Honolulu Star-Advertiser

WASHINGTON >> U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and led to a record surge in receipts at service stations, while tax refunds underpinned spending elsewhere.

U.S. consumer spending surged in March. Here's what drove that

Retail sales rose 1.7% in March, according to numbers released April 21 by the U.S. Commerce Department. It was the fastest pace since January 2023.

US Retail Sales Jump in March as Higher Gas Prices Lift Spending

Americans kept on spending in March amid a sharp rise in gasoline prices, new government data suggest. Retail sales, an estimate of how much money people spend on goods and services at the retail level, rose 1.7 percent in March from the previous month, the U.S. Census Bureau reported on April 21. Compared with a year earlier, retail sales were up 4 percent. That marked a significant surge from the Bureau’s upwardly revised 0.7 percent monthly g…