{"id":432616,"date":"2022-04-15T20:29:47","date_gmt":"2022-04-15T17:29:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/why-beef-jerky-sales-are-plummeting-as-fuel-prices-go-up\/"},"modified":"2022-04-15T20:29:47","modified_gmt":"2022-04-15T17:29:47","slug":"why-beef-jerky-sales-are-plummeting-as-fuel-prices-go-up","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-beef-jerky-sales-are-plummeting-as-fuel-prices-go-up\/","title":{"rendered":"#Why beef jerky sales are plummeting as fuel prices go up"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c56d483fa2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c56d483fa2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/why-beef-jerky-sales-are-plummeting-as-fuel-prices-go-up\/#%E2%80%9CWhy_beef_jerky_sales_are_plummeting_as_fuel_prices_go_up%E2%80%9D\" >&#8220;Why beef jerky sales are plummeting as fuel prices go up&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhy_beef_jerky_sales_are_plummeting_as_fuel_prices_go_up%E2%80%9D\"><\/span>&#8220;Why beef jerky sales are plummeting as fuel prices go up&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Beef jerky sales are tumbling as consumers struggle to fill their gas tanks, according to a Wall Street analyst.<\/p>\n<p>Convenience stores are the canary in the coal mine when it comes to salty and sweet snack sales including beef jerky brands like Slim Jim, because as fuel prices rise, Americans are less likely to hit the highway and make pit stops at convenience stores along the way.<\/p>\n<p>\u201cRising gasoline prices <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be weighing on packaged snack food sales in the [convenience] store channel,\u201d wrote Goldman Sachs analyst Bonnie Herzog in a research note this week. <\/p>\n<p>\u201cThis is evidenced by the slowing volume trend seen across most major snack food categories and outright volume declines for single-serve chocolate and jerky meat.\u201d<\/p>\n<p>As the busy summer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> season approaches and gas prices remain on average at $4-plus a gallon, fewer people are expected to venture out on vacation, experts say.\u00a0<\/p>\n<p>Even as gas prices have come down in recent weeks, paying more than $4 per gallon is straining low-income consumer budgets.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gas-station-snacks.jpg?w=1024\" alt=\"People standing in a convenience store at the register.\" class=\"wp-image-21916690\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gas-station-snacks.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gas-station-snacks.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gas-station-snacks.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Sales of beef jerky and individual chocolates are declining at convenience stores, according to a Goldman Sachs analyst.<\/figcaption><figcaption><span class=\"credit\">Bill Greenblatt\/UPI\/Shutterstock<\/span><\/figcaption><\/figure>\n<p>What\u2019s more, there are already signs that \u201cgasoline demand and miles driven data have moved lower in recent weeks,\u201d Herzog wrote.<\/p>\n<p>About 83% of convenience stores purchases are for impulse buys, which are typically the first thing to go when inflation increases, according to the trade group the Association for Convenience and Fuel Retailing.<\/p>\n<p>\u201cAnytime you sell im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te consumption and people\u2019s pocketbooks are pinched, you could lose sales,\u201d Jeff Lenard, vice president of strategic industry initiatives at the National Association of Convenience Stores, told CNN, which first reported on the snack sales decline.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/slim-jims.jpg?w=1024\" alt=\"Slim Jim packages.\" class=\"wp-image-21916737\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/slim-jims.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/slim-jims.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/slim-jims.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>A large percentage of beef jerky is sold to travelers making stops at convenience stores.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>Low-income consumers are on track to deplete their savings built up during COVID due to overall inflation \u2014 which reached 8.5% in March.\u00a0<\/p>\n<p>The average US household spent an extra $327 in March due to inflation, according to Ryan Sweet, a senior economist at Moody\u2019s Analytics. That\u2019s up from roughly\u00a0$297 per household in February, when the Consumer Price Index jumped 7.9%.<\/p>\n<p>And that means less to spend on discretionary items like snacks at the gas station.<\/p>\n<p>\u201cWe believe it is prudent to expect volume trends in [convenience stores] to erode further as pent-up savings during COVID are depleted, tax returns fade away, inflation pressure broadly continues to mount and gas prices remain relatively high through the key driving season,\u201d Herzog wrote.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/15\/why-beef-jerky-sales-are-plummeting-as-fuel-prices-go-up\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Why beef jerky sales are plummeting as fuel prices go up&#8221; Beef jerky sales are tumbling as consumers struggle to fill their gas tanks, according to a Wall Street analyst. Convenience stores are the canary in the coal mine when it comes to salty and sweet snack sales including beef jerky brands like Slim Jim,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":432617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gas-prices-beef-jerky-composite.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128047,100568,80998,70551,72196,70486],"class_list":["post-432616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-15-22","tag-gas-prices","tag-holiday-travel","tag-inflation","tag-snacks","tag-summer"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=432616"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/432617"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=432616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=432616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=432616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}