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US retail sales surge in March on higher gasoline prices

By Reuters April 21, 2026 Neutral
US retail sales surge in March on higher gasoline prices
U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere.
U.S. retail sales increased more than expected in March as the war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere.