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Fortune
Fortune
The Associated Press, Dee-Ann Durbin

McDonald's posts better-than-expected first quarter sales. But higher gas prices threaten demand

mcdonald's logo (Credit: Paul Sancya/Associated Press)

McDonald’s posted better-than-expected sales in the first quarter but said high gas prices and consumer anxiety over the Iran war could dent sales this spring.

The average price of a gallon of gas in the U.S. was $4.55 on Thursday, according to AAA. That was 44% higher than a year ago.

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