Happy Holidays!
Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. Best year since 2012.
It may also be the best year ever for Holiday travel.
“We’re at prices that we haven’t seen for oil in a year-and-a-half and that’s likely to lead to substantial decreases,” he said. “So if you don’t like the $2.07 a gallon that you’re paying now, this time next week, we’ll definitely be below the $2 a gallon mark. The longer you wait, the better the savings at the pumps.”