High U.S. Gasoline Prices Set To Dent Demand

American consumers will drive less this year and will look to make fewer shopping trips due to the high gasoline prices and high inflation rates, Target Corporation’s chief executive Brian Cornell said this weekend. “Some of the historical ways consumers react to inflation will play out again in 2022,” Cornell said during the National Retail Federation’s Big Show in New York on Sunday, as carried by Bloomberg. “You’ll drive fewer miles, you’ll consolidate the number of times and locations where you shop,”…