Years of stubborn inflation and the spike in gas prices have forced some travelers to opt for more affordable summer vacations. That often means staying closer to home.
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A tenuous deal with Iran has pushed oil prices lower, but U.S. strategic petroleum reserves are at their lowest level in 40 years and commercial inventories have been heavily drawn down.
The state isn’t seeing a boom from the energy supply crunch. That limits the uptick in tax revenue that comes from higher prices, and makes employment unlikely to see a big boost.
According to NielsenIQ, sales of alcoholic beverages fell 5.4% in April compared to the same month last year. The decline is most pronounced at convenience stores.
