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Typical Bloomberg or the Ny Slimes of the financial news. Read this paragraph carefully. The number one reason for drop in sales is the good news about the drop in gasoline prices which resulted in less $ sales. That means as consumers with cars/trucks/suvs we have more money in our pocket that wasn't spent on gasoline.

Exactly. The last time gasoline prices dropped there were similar economic doom and gloom articles about the drop in consumer spending......from the predictable sources.

I discussed this Bloomberg/NY Slimes type of article with my wife today. Her car needed gasoline. We filled it up at $1.63/ gallon in N. California. She had receipts back in February for gas at 2.13/gallon. March showed 1.97 for most purchases. That was a 16 cent per gallon drop in March versus Feb. That would be an impact on the decrease in retail sales in March. The gasoline price decreases will impact in April and May registering as decreases in retail sales.

Or course as consumers/spenders we are better off.

Bloomberg, CBS's and CNN's so called financial news reminds me of the NY Slimes in their left wing approach.