Higher gas prices, which have surged by about 52 percent since the start of the Iranwar, are draining demand for beer as American consumers continue to tighten discretionary spending, according to new data.
Beer, malt beverage and cider sales volumes fell 6.3 percent in the four weeks ending May 2, Nielsen reports. The steepest declines came from convenience stores and gas stations such as 7-Eleven, Wawa, Shell, and Exxon, where volumes are down about 9 percent year over year for the two weeks since April 26.
