Beer Demand Stumbles as Gas Prices Surge, Data Show The latest data on US beer sales paint a bleak picture, with volumes plummeting 6. 3% year over year through the week ending May 2.
This unexpected downturn has sent ripples across Wall Street, where analysts are connecting higher gasoline prices to discretionary spending.
Convenience stores, which account for a significant share of beer sales, are bearing the brunt of this decline.