Will gas prices hit retail stocks?

If you hold retail stocks, should you be concerned about the price of a gallon of gasoline?

That’s the question many stock investors are asking themselves, but the answers are all over the map.

Some say nothing short of $4 a gallon will stop consumers from spending, while others say $2.50 is the tipping point. But wherever gas prices go, one thing is clear — as yet, there is no significant impact on retail purchases from higher gas prices.