Re: Walmart sales & gas prices

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Jim is correct, but I did not think that gas prices would have that much of an
effect.

On Fri, Aug 26, 2005 at 07:59:32PM -0700, Jim Devine wrote:
> Walmart traditionally has had its stores outside of the center of
> town. Thus one had to drive to its stores, something encouraged by low
> gas prices. But what if Walmart changes its strategy, building in
> places like (say) Oakland, CA?
>
> On 8/26/05, Michael Perelman <michael@xxxxxxxxxxxxxxxxx> wrote:
> > This chart shows what appears to be a pretty solid relationship over the last 10
> > years.
> >
> > http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/wmtgas.jpg
> > --
> > Michael Perelman
> > Economics Department
> > California State University
> > Chico, CA 95929
> >
> > Tel. 530-898-5321
> > E-Mail michael at ecst.csuchico.edu
> >
>
>
> --
> Jim Devine
> "An economic forecaster is like a cross-eyed javelin thrower: they
> don't win many accuracy contests, but they keep the crowd's
> attention." -- Anonymous

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu