Restaurant traffic in the United States fell 2.3% in March compared to the same period last year, according to Black Box Intelligence.
The decline is being attributed to surging gas prices, which have averaged over $4.50 per gallon due to the ongoing conflict with Iran.
Chains including Domino's Pizza and Applebee's have reported weaker sales as a result.
Chains including Domino's Pizza and Applebee's have reported weaker sales as a result.
The impact of high fuel costs is now extending beyond transportation to influence consumer behavior in the restaurant sector.
Analysts suggest that as gas prices remain elevated, further pressure on discretionary spending could ripple through other sectors.
This development adds to broader concerns about inflationary pressures and their effect on household budgets.