This story was first published by Digiday sibling ModernRetail
Higher gas prices could end up benefiting Amazon’s e-commerce business as consumers look for ways to avoid driving to stores and focus more of their spending on household essentials.
Gas prices surpassed $4 a gallon for the first time since 2022 earlier this year, driven by disruptions to oil supply amid the U.S.-Iran war. As of Thursday, the national average for regular gas stands at $4.43, well above the $3.16 average a year ago, according to the American Automobile Association.
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