FYI: In today's retail sales report for the month of August, only two of the thirteen sectors tracked (Gas Stations and General Merchandise) saw month over month declines in sales. The largest decline was in Gas Stations where sales fell by 0.8%. When it comes to retail sales, if there is a category where sales declines are a good thing, it is at gas stations. That is because any sales decline is typically the result of lower gas prices, which leaves more money in the pockets of consumers for other items.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/9/12/prices-at-the-pump-drop-to-lowest-level-since-february.html?printerFriendly=true
