economy

Financing

Higher gas prices have a casualty

The Bottom Line: This week’s edition of the restaurant finance newsletter looks at the impact of rising gas prices, and why that’s behind the delayed 7-Eleven IPO.

Financing

Gas prices do impact restaurants, particularly full-service

The Iran War has sent the price of gas past $4 a gallon nationwide and analysts expect it to get worse. That could lead more customers to trade down to cheaper restaurants, according to Black Box.

The Bottom Line: Consumers were showing signs of recovery. The Iran War changed the direction, again, leaving operators wondering how the year will turn out.

A Deeper Dive: Rich Shank, senior principal with Restaurant Business sister company Technomic, joins the restaurant finance podcast to talk gas prices.

The National Restaurant Association is striking a confident tone on pressing issues like swipe fee relief, immigration and tariffs. One reason: Most people love the businesses it represents.

The Bottom Line: Economists are expecting a better year for restaurants in 2026. But that changes if oil prices remain too high for too long.

The Bottom Line: Oil prices have soared and gas prices are following, which could affect restaurant sales at an otherwise sensitive time. But other issues may be more concerning.

Employers, including restaurants, cut jobs last month. Oil prices are soaring and gas prices are going with them, potentially adding another challenge for operators during a sensitive period for the industry.

The Bottom Line: On earnings calls, industry chief executives expressed caution about the state of the economy this year, even as they were bullish about their own plans.

The court said the president did not have the broad authority he had asserted to implement sweeping tariffs on a host of nations. Trump immediately vowed to use different rules to keep them in place.

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