Rising Gas Prices Buoy Retailers' Summer Outlook

Jim Buchanan, president of London, Ky.-based Laurel Grocery Co., got a firsthand look at how rising gas prices are impacting consumers last week. While Buchanan was checking into a West Virginia hotel on a business trip, another would-be guest called to cancel his room reservation, saying the price of gas had risen too high for him to make the trip from Ohio. Although that scenario might not bode

Jim Buchanan, president of London, Ky.-based Laurel Grocery Co., got a firsthand look at how rising gas prices are impacting consumers last week.

While Buchanan was checking into a West Virginia hotel on a business trip, another would-be guest called to cancel his room reservation, saying the price of gas had risen too high for him to make the trip from Ohio.

Although that scenario might not bode well for the tourism industry, Buchanan said it's a good omen for local food reta

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