Falling Gas Prices Could Help Inflation-pressured Consumers [Yahoo! Finance]
TJX Companies, Inc. (The) (TJX)
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Source: Yahoo! Finance
The U.S. national average for regular gas was $3.44 a gallon on Monday, versus $3.626 a month ago and $3.59 a year ago, according to data from the American Automobile Association (AAA). The AAA said in a blog post that tepid gasoline demand, increasing supply, and falling oil costs will likely lead to falling pump prices. More from Sourcing Journal Five Below Is Expanding Shrink Mitigation Efforts Dollar General Still Has a Shrink Problem Burlington Eyes Better Brands as Trade Down Customer Base Grows Tepid gasoline demand represents a change from a few years ago when summertime signified the start of road trips and rising demand for gas for the car. Demand has shifted with the onset of rising inflation in a post-COVID world. “This drop in pump prices appears to have some sticking power for now,” AAA spokesman Andrew Gross said. “More states should see their averages dip below $3 a gallon in the coming weeks.” Consumers also got the benefit of easing inflation in May as
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TJX
Earnings
- 5/22/24 - Beat
TJX
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- TJX's page on the SEC website