
High Fuel Prices & Consumer Behavior
In the past when consumers had to pay more for gas they cut back in other places. That typically meant they ate out less. This time around many restaurants offer online ordering with curbside pickup or drive-thru and delivery options as a result of trying to maintain business during the COVID pandemic. Those restaurants are better prepared to deal with consumers’ reactions to higher fuel prices. One way consumers deal with high gas prices is to consolidate their trips. Instead of going out a few times, they’ll order online so they can pick up prescriptions, groceries, and food for dinner