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Your Gas Tank Could Be the Biggest Threat to Retail

Gas prices are already on the rise and will continue to head upwards, according to GasBuddy.com,

The dying shopping mall may not be the biggest threat to brick-and-mortar retailers after all. With the price of crude oil going up, consumers could face rising gas prices when it comes time to fill the tank. Gasbuddy.com projects gas prices could rise up to 75 cents in some areas of the country. With consumers left with less disposable income to shell out, retailers, including Walmart (WMT) - Get Walmart Inc. Report , Macy's (M) - Get Macy's Inc Report , J.C. Penney (JCP) - Get J. C. Penney Company, Inc. Report and more, may need to account for the effect of an empty gas tank in their earnings forecasts. 

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This article was written by a staff member of TheStreet.

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