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Impact of gas prices on consumer spending
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Most people have already gotten their tax refunds. That's bad news for restaurants and retailers.
MarketWatch· 2026-03-30 18:29
Core Viewpoint - The ongoing Iran conflict is impacting the retail sector, particularly clothing stores and drive-through restaurants, due to rising gas prices and tax refund delays [1] Group 1: Impact on Retail Sector - Clothing stores are experiencing increased pressure as the conflict continues, leading to potential declines in consumer spending [1] - Drive-through restaurants are also likely to feel the effects of rising gas prices, which may deter customers from dining out [1] Group 2: Economic Factors - Rising gas prices are a significant concern for the retail industry, as they can lead to reduced disposable income for consumers [1] - Delays in tax refunds may further exacerbate the situation, limiting consumer spending power during this period [1]