In 2019, consumers were expected to spend $6.7 billion on the Fourth of July, according to the National Retail Federation (NRF). Last year was an outlier, but all signs are pointing toward a blowout showing this Independence Day. The NRF expects 84% of the country to celebrate, with an average per-person food expenditure of $80.54. Plans for things like traveling and attending cookouts are at or near pre-pandemic levels.
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That’s good news for Americans who sat out last year to play it safe — and good news for the companies that do the selling on the other end of all that buying. These are the companies that will cash in on Independence Day.
Last updated: July 1, 2021
Royal Dutch Shell
America defeated the British to make Independence Day possible — but the two countries never stopped doing business. The British-Dutch consortium we call Shell now operates 14,000 gas stations in the U.S. According to Statista, Shell is also the most commonly purchased brand of motor oil.
When gas prices began rebounding in the spring, Shell epitomized the oil recovery when it reported net income gains of 69% compared to the year prior. AAA predicts that nearly 48 million Americans plan to travel for July Fourth, the second-highest volume on record. More than 91% — 43.6 million — will drive. That’s the most ever. With gas prices at their highest in seven years, that’s a whole lot of green American dollars ready to be siphoned back to Great Britain on July Fourth.
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American Airlines
The lion’s share of the holiday traffic will be on the highways, but the skies will be congested, too. AAA estimates that an additional 3.5 million people will fly — that’s an increase of 164% over last year and it is 90% of pre-pandemic levels.
For years, Delta, American and United took rotating turns as the king of the airline hill, but the pandemic put an end to that game. American emerged from the crisis as the largest airline in the world with the rest of the pack a comfortable distance away. American’s June schedule was busier than that of No. 2 Delta by more than 20%.
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JBS USA
The price of meat normally rises in the summer when Memorial Day kicks off grilling season, but this year is not like those that came before. High gas prices and supply-chain issues had already inflated meat prices beyond the regular late-May boom — and then it got much worse.