"On the other hand, we've seen the e-Commerce channel benefitting somewhat from this trend," he says.
According to comScore, an increase in gas prices may actually trigger a decrease in non-essential, or discretionary spending. Instead of forgoing car trips and using the money that would be spent on gas towards online purchases, consumers are more likely to decrease online spending and use those funds towards the purchase of gas.
"I think it's fair to say that rapidly rising retail gas prices are cause for concern for the retail e-commerce sector," says Andrew Lipsman. "As disposable income shrinks, so too does discretionary spending as manifested in online retail."
"All other factors being equal, we should anticipate a two-percentage point decline in e-commerce spending growth rates versus what we would have otherwise seen.
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