Miner Company
Beer demand stumbles as gas prices surge, data show
U.S. beer volumes fell 6.3% year over year through the week ending May 2, reversing earlier improvements in Nielsen-tracked beer, malt beverage and cider trends. Higher gasoline prices could be pressuring convenience spending, with California showing the sharpest beer sales deterioration.
U.S. beer volumes fell 6.3% year over year through the week ending May 2, reversing earlier improvements in Nielsen-tracked beer, malt beverage and cider trends. Higher gasoline prices could be pressuring convenience spending, with California showing the sharpest beer sales deterioration.