Question #1: Megan from Ohio asks which low end retailers might see a boost off $3 gasoline?
Jeff Macke says the short answer is that no retailer benefits from high gas prices. However, there’s a play with the grocers because they compete with big retailers like Wal-Mart (WMT), which people generally have to drive further to get to. Driving further to get slightly lower prices works when gas prices are low, Jeff says, but when the price at the pump is $3, you can expect consumers to stay local. He likes Safeway (SWY) and Supervalu (SVU).