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McDonald's Reports Strong Q1 Sales Amid Rising Gas Prices Concerns

KTSM••DEE-ANN DURBIN, Associated Press
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McDonald's has announced stronger-than-expected sales for the first quarter, indicating a positive trend for the fast-food chain. However, the company cautioned that rising gas prices, currently averaging $4.55 per gallon nationwide—44% higher than last year—could impact consumer spending in the coming months. Additionally, ongoing geopolitical tensions, particularly related to the Iran war, may contribute to consumer anxiety, potentially affecting demand for their products. This situation is especially relevant for El Paso residents as they navigate rising costs.

Key Details: • Average gas price in the U.S. is $4.55 as of Thursday. • Gas prices are 44% higher compared to the same time last year. • Consumer anxiety over international conflicts may influence spending.

economy business gas-prices fast-food

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AAAMcDonald'sMcDonald's Chairman and CEO

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