Thursday, August 7, 2014
New research has revealed a 105% increase in spending on petrol is hurting retailers.
Consulting firm RCG has studied fuel-spending trends, and discovered petrol station sales have risen from $3.8b a year to $7.8b in the past 10 years.
The results suggest the $4b increase is negatively affecting retailers more than online shopping, as consumers spend more on petrol, leaving them with less disposable income.