High gas prices weigh on snack sales at J.M. Smucker and Pepsi
Barron's says a surge in gasoline prices is adding strain on snack sales, with less discretionary spending for items like Twinkies and chips.
By Evie LiuThis year's surge in gasoline prices might be adding a new strain on snack sales.
Cash-strapped consumers need to fill the gas tank, and high prices at the pump leave less in their wallets for that Twinkie or bag of chips.It's bad news for J.M Smucker, PepsiCo, and other companies that b…