NACS survey: Americans say that low gas prices are good for the economy

New National Survey Also Finds That Prices Would Have to Increase to $3.37 per Gallon Before Consumers Begin to Curtail Driving

ALEXANDRIA, Va., 2017-Apr-07 — /EPR Retail News/ — Americans overwhelmingly say that low gas prices are good for the economy and that gas prices would have to increase by more than $1 per gallon before they cut back on driving, according to results of the NACS Consumer Fuels Survey released today (4/6/2017).

Overall, 84% of consumers say that low gas prices are good for the economy, a 1-point drop from 2016, according to survey results announced by NACS, the association that represents convenience stores. Convenience stores sell an estimated 80% of the fuel purchased in the United States.

Americans also say that gas prices would have to increase to $3.37 per gallon before they reduce the amount they drive and reach $4.43 per gallon before they seek out alternatives to driving or drive drastically less.

“These findings are in line with what we traditionally find in our monthly surveys: Consumers say that prices have to increase by about a dollar per gallon from its current price before they consider cutting back. Gradual price increases also gradually push up the price at which they would drive less and it would take a sudden, unexpected price increase before most drivers would consider driving less,” said NACs Vice President of Strategic Industry Initiatives Jeff Lenard.

Gas prices tend to increase during the first few months of the year as the petroleum industry undergoes the spring transition to summer-blend fuel. This transition requires the production of unique fuel blends across the United States at a time of increased demand. Since 2000, this transition has led to an average price increase of 53 cents between early February and the seasonal peak, which most often occurs in late May.

By a more than two-to-one margin drivers understand the dynamics of the spring transition: 48% say that they agree that prices increase over the spring months because different fuel blends must be made and distributed for summer months. Only 21% disagree with that statement.

Other findings from the NACS survey include:

  • Consumers say that prices are more likely to increase because of world events as opposed to a local store trying to increase profits: 29% say OPEC is to blame when oil prices increase, compared to only 4% who blame gas stations.
  • A majority of Americans (57%) agree that most gas stations are small businesses evedn if they sell the fuel from a national brand. One in four Americans (26%) disagree with that statement. Overall, 58% of gas station in the United States are one-store operations.
  • Consumers say that convenience stores share their values: 66% agree that convenience stores share their values and do business the right way compared to 34% who disagree with that statement.
  • Consumers say that gas station profits are slim: 43% agree that gas stations make about 5 cents per gallon in profit, compared to 21% who disagree. Gross margins on fuel average about 20 cents per gallon and after expenses most retailers average about 5 cents per gallon in profit.

The survey results were released today as part of the 2016 NACS Retail Fuels Report (www.nacsonline.com/gasprices), which examines conditions and trends that could impact gasoline prices. The online resource is annually published to help demystify the retail fueling industry by exploring, among other topics, how fuel is sold, how prices affect consumer sentiment, why prices historically increase in the spring and which new fuels are likely to gain traction in the marketplace.

The survey was conducted online by Penn Schoen Berland; 1,114 U.S. adults who purchase fuel for a vehicle such as a car, truck or van at least once per month were surveyed January 4-6, 2017. NACS has surveyed consumers about their perceptions related to gas prices since 2007 and has conducted monthly consumer sentiment surveys since 2013.

NACS (nacsonline.com) advances the role of convenience stores as positive economic, social and philanthropic contributors to the communities they serve. The U.S. convenience store industry, with more than 154,000 stores nationwide selling fuel, food and merchandise, serves 160 million customers daily — half of the U.S. population — and has sales that are 10.8% of total U.S. retail and food service sales. NACS has 2,100 retailer and 1,750 supplier members from more than 50 countries.

Contact:

(703) 684-3600 (phone)
(703) 836-4564 (fax)

Source: NACS

Natural Grocers to host an educational push on why organics are good4u, good for the environment and good for the economy

LAKEWOOD, Colo, 2016-Sep-10 — /EPR Retail News/ — Natural Grocers, the 61 year old family run chain, will stake its claim this September as the official “Organic Month Headquarters” The company, which sells only 100% USDA Certified organic produce, will host an educational push for the entire month of September, which is nationally recognized as “Organic Harvest Month.”

“Since we added produce racks to our stores in 1989, we have sold only organically grown produce. When the USDA finally established an officially recognized and regulated Organic standard in 2000, all the produce we sold already met that standard,” said Kemper Isely, Natural Grocers’ Co-President. “Other major grocery chains have recently begun to include organic options, but none of them sells exclusively 100% Organic Produce like we do. Our decision to sell only organic produce from the start is based upon our core founding principles of providing consumers with the highest quality product choices that are good4u, good for the environment and good for the economy. Claiming the title, ‘Organic Month Headquarters’ is our way of showcasing our commitment to organic produce and our customers.”

To learn more about Natural Grocers’ September offerings visit: https://www.naturalgrocers.com/organic-month-HQ/

What’s new at Natural Grocers, Your Organic Month Headquarters?

  • Free organic apples for the first 400 customers at each Natural Grocers location on September 1.
  • Free reusable shopping bag for the first 400 customers at each Natural Grocers location on September 1.
  • Free classes where customers can learn about the benefits of choosing organic foods along with easy ways to incorporate organic vegetables into their everyday meals, including healthy tailgating options. A class titled “Fall in Love with Organics” will offer one winner at each class the chance to take home $50 for organic shopping in the store, and a bag full of 100% organic produce valued at $50.* A second class titled “Elevate Your Tailgate,” will offer healthy tailgating options for football fans.
  • Free meal planners and recipes that educate customers on how they can incorporate more organic vegetables into their diets in an affordable way.
  • Sampling Saturdays each weekend with opportunities to sample a variety of organic produce.
  • An original song and video by Grammy Award-nominated Eco-Hip Hop artist DJ Cavem to inspire everyone to choose organic products. The song will be accompanied by a series of downloadable tips from DJ Cavem and Alkemia Earth on how to get your family to fall in love with eating more vegetables.

Reinventing Tailgating with Organics
Tailgating parties are known for their not so good for you food choices, but Natural Grocers has set out to offer game-day hosts the chance to enjoy a big game without the massive amounts of calories, artificial colors, preservatives and salt in traditional tailgating fare.

Natural Grocers will host an “Elevate Your Tailgate” class at every store; teaching football fans how to create a good4u tailgating party for their friends and family.

To showcase the new “good4u tailgating” concept the company will also host a free tailgating event in Denver Colorado on Thursday, September 8 from 3 p.m. to 7 p.m. The event will include free “good4u snack kabobs,” and live music by Jakarta. Exact details of the event will be posted in early September.

For downloadable b-roll of Natural Grocers’ 100% organic produce visit https://vimeo.com/178940868 (Password organic).

* NO PURCHASE NECESSARY. A PURCHASE WILL NOT INCREASE YOUR CHANCES OF WINNING. OPEN ONLY TO LEGAL RESIDENTS OF THE 50 UNITED STATES AND THE DISTRICT OF COLUMBIA, 18 YEARS OR OLDER. VOID WHERE PROHIBITED BY LAW. Sweepstakes starts on September 1, 2016 and ends on September 30, 2016. For Official Rules and complete details, visit: www.naturalgrocers.com/sweepstakes. Sponsor: Vitamin Cottage Natural Food Markets, Inc.

General Inquiries:  (877) 986-4600

Media Contacts:
Kevin Miller
Natural Grocers
kmiller@naturalgrocers.com
Office: (303) 986-4600

Krystal Covington
Natural Grocers
kcovington@naturalgrocers.com
720-515-3078

Source: Natural Grocers