business news in context, analysis with attitude

•  Farm Journal reports that "the U.S. government filed a brief to the Supreme Court supporting the National Pork Producers Council (NPPC) and American Farm Bureau Federation's (AFBF) challenge to California’s animal housing law, Proposition 12. This state law seeks to ban the sale of pork from pigs that do not meet the state’s arbitrary production standards, including pork from pigs raised on farms outside of California, NPPC said in a release.

"In an amicus brief, U.S. Solicitor General Elizabeth Prelogar said California “'has no legitimate interest in protecting’ the welfare of animals located outside the state,' quoting a previous Supreme Court decision."



•  The National Association of Convenience Stores (NACS) is out with a new survey saying that "high gas prices are taking their toll on sales at convenience stores, with 59% of retailers saying their customer traffic has decreased in stores over the past three months … Convenience stores, which sell an estimated 80% of the fuel purchased in the U.S., rely on in-store sales, not fuel sales, to drive profits. But high gas prices are hurting customer traffic in stores and 'basket' size: Nearly half of all retailers (49%) also say that those customers coming inside the store are buying less compared to three months ago when gas prices were $1.50 a gallon lower.

"In addition, retailers expressed concerns that elevated gas prices could also depress sales over the traditionally busy summer-drive season: 53% say they expect sales to be lower this summer than last summer, with only 25% anticipating increased sales."



•  PennLive reports that "Sheetz convenience stores will lower its price for unleaded 88 gasoline to $3.99 a gallon through the Fourth of July holiday.

"Sheetz said it is helping to 'reduce pain at the pump.'  The lower prices are 'effective immediately.'

"The average price for a gallon of unleaded 87 gas in Pennsylvania today is $4.95."