GasBuddy Blog

GasBuddy News Article

votes

Americans spending a bit more as gas prices fall

AP -- WASHINGTON (AP) — Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.

Consumer prices were flat in April, largely because of a decline in gas prices. Lower prices at the pump may be combining with steady job growth to power more spending on big purchases.

Sales of autos, furniture and electronics all rose in April. And Americans spent more at restaurants and bars — generally a sign of confidence in the economy.

"Consumer spending looks to have started the second quarter on a solid footing," said Paul Ashworth, an economist at Capital Economics.

Despite the strength in key areas, overall retail sales increased just 0.1 percent last month, the Commerce Department said Tuesday. That modest gain followed two stronger

Read the Full Article

Submitted May 15, 2012 By: TruthMatters

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Americans spending a bit more as gas prices fall	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

jrs4125 Champion Author Indiana Posts:2,898 Points:619,445 Joined:Sep 2011	Message Posted: May 17, 2012 6:00:19 AM Ignore jrs4125 Report Abuse dooooh
52MPG Champion Author Dayton Posts:7,402 Points:1,769,405 Joined:Apr 2006	Message Posted: May 17, 2012 1:26:55 AM Ignore 52MPG Report Abuse Gas prices - fall faster!
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: May 16, 2012 7:49:46 PM Ignore DanMtz Report Abuse Just like they said it would work in Econ 1A...
Norm10 Champion Author British Columbia Posts:3,396 Points:165,955 Joined:Dec 2010	Message Posted: May 16, 2012 9:19:47 AM Ignore Norm10 Report Abuse Only in America!
Dr Gas Champion Author Twin Cities Posts:3,286 Points:360,350 Joined:May 2004	Message Posted: May 16, 2012 8:55:34 AM Ignore Dr Gas Report Abuse I wish I could write like this. Let's see the price of gas is falling. So people should be spending less on gas, so they can spend MORE on anything else. AND that means that they should be doing more traveling on Memorial Day! AND having a bit more cash in thier pocket. There, did I cover it all?
gandalfthegrey1 Champion Author Houston Posts:1,184 Points:384,785 Joined:Feb 2011	Message Posted: May 16, 2012 7:33:43 AM Ignore gandalfthegrey1 Report Abuse Somehow I'm not getting that a 0.1% increase in retail is cause for celebration. Nothing suggests a trend here or that gas isn't still too high. If they can say the same by August...maybe.
TruthMatters Champion Author New Jersey Posts:2,586 Points:558,555 Joined:Oct 2011	Message Posted: May 16, 2012 7:26:38 AM Ignore TruthMatters Report Abuse My spending habits haven't changed a bit!
bullet226 Champion Author Toronto Posts:2,716 Points:534,915 Joined:Nov 2010	Message Posted: May 16, 2012 7:09:14 AM Ignore bullet226 Report Abuse Spending more for GAS you mean!
335d1 Champion Author Virginia Posts:2,524 Points:786,745 Joined:Feb 2011	Message Posted: May 16, 2012 6:44:24 AM Ignore 335d1 Report Abuse Some good economic signs.
afghaned Champion Author Hamilton Posts:11,983 Points:1,313,385 Joined:May 2004	Message Posted: May 16, 2012 4:50:24 AM Ignore afghaned Report Abuse Some may start planning travel as prices decrease.
Amplion Champion Author Oregon Posts:6,921 Points:1,892,760 Joined:Sep 2005	Message Posted: May 16, 2012 3:55:58 AM Ignore Amplion Report Abuse SOME OREGON STATIONS ARE ABOVE $5 a GALLON FOR PREMIUM !!!
tnfran Champion Author Arizona Posts:4,518 Points:868,390 Joined:Dec 2010	Message Posted: May 16, 2012 3:49:50 AM Ignore tnfran Report Abuse Which in turn "helps the economy" --- more than BO's spending does.
JohnofGB Champion Author Flint Posts:5,561 Points:1,123,895 Joined:Feb 2010	Message Posted: May 16, 2012 3:15:29 AM Ignore JohnofGB Report Abuse High gasoline prices slow the economy way down.
anascom Champion Author Hamilton Posts:1,593 Points:556,690 Joined:Feb 2011	Message Posted: May 16, 2012 3:01:54 AM Ignore anascom Report Abuse ok
djgunrunner Champion Author Salt Lake City Posts:10,252 Points:2,376,305 Joined:Apr 2005	Message Posted: May 16, 2012 2:22:29 AM Ignore djgunrunner Report Abuse We can spend it on food or fuel. When the price of fuel drops a little and I do mean A LITTLE, then we can spend the left over twelve cents on something else.
BJWI Champion Author Milwaukee Posts:6,554 Points:763,925 Joined:May 2011	Message Posted: May 16, 2012 1:20:36 AM Ignore BJWI Report Abuse Sorry, but the twenty-five cents cheaper gas price has not changed my spending habits. Gas here is still $3.74 a gallon, far from a discount bargain.
Hoporrene Veteran Author Mississippi Posts:312 Points:206,970 Joined:Dec 2011	Message Posted: May 16, 2012 12:40:07 AM Ignore Hoporrene Report Abuse OH but of course.
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: May 16, 2012 12:19:15 AM Ignore uglytom Report Abuse Indeed.
NanaNJNJ Veteran Author New Jersey Posts:280 Points:56,025 Joined:May 2012	Message Posted: May 16, 2012 12:17:05 AM Ignore NanaNJNJ Report Abuse A bit more, eh?
vegan_power Sophomore Author Hartford Posts:126 Points:51,030 Joined:Feb 2012	Message Posted: May 16, 2012 12:09:36 AM Ignore vegan_power Report Abuse yep
1momsunshine Champion Author Ottawa Posts:5,615 Points:1,026,020 Joined:Mar 2010	Message Posted: May 16, 2012 12:08:53 AM Ignore 1momsunshine Report Abuse UP AGAIN
cheapchickKY Champion Author Lexington Posts:4,159 Points:823,990 Joined:Jan 2011	Message Posted: May 16, 2012 12:06:09 AM Ignore cheapchickKY Report Abuse Prices here are bouncing back up again.
Nicoalbum Champion Author Ottawa Posts:6,167 Points:1,216,725 Joined:Jan 2010	Message Posted: May 16, 2012 12:05:09 AM Ignore Nicoalbum Report Abuse Watch out your spending. Spending on gas or on other goods are risky this time.
AuntJaime Champion Author New Jersey Posts:2,869 Points:401,310 Joined:May 2011	Message Posted: May 16, 2012 12:04:22 AM Ignore AuntJaime Report Abuse Remember when you could fill your tank without sobbing?
jrschl Champion Author Louisville Posts:3,107 Points:708,465 Joined:Jun 2011	Message Posted: May 16, 2012 12:02:48 AM Ignore jrschl Report Abuse They will never be at a price they should be at.
BlueberryFocus All-Star Author Rochester Posts:553 Points:129,510 Joined:Feb 2012	Message Posted: May 16, 2012 12:02:17 AM Ignore BlueberryFocus Report Abuse Gas prices are too volatile, I want alternatives
montmark Sophomore Author California Posts:124 Points:325,460 Joined:Apr 2012	Message Posted: May 15, 2012 11:48:37 PM Ignore montmark Report Abuse Too bad gas prices are skyrocketing in states Obama is sure to win.. especially in California.
MidNJ Champion Author New Jersey Posts:7,686 Points:1,197,290 Joined:Sep 2009	Message Posted: May 15, 2012 11:47:59 PM Ignore MidNJ Report Abuse Humblepie, TRUE!!! Gas prices are falling!!!
humblepie Champion Author Toledo Posts:35,337 Points:2,399,070 Joined:Mar 2006	Message Posted: May 15, 2012 11:23:40 PM Ignore humblepie Report Abuse false
Pozole Champion Author Portland Posts:9,766 Points:1,622,220 Joined:Mar 2005	Message Posted: May 15, 2012 11:15:28 PM Ignore Pozole Report Abuse ...NOT HERE...we're getting hosed at the pump...skyrocketing prices...this sucks...
KKRR Rookie Author Tucson Posts:2 Points:28,105 Joined:Feb 2012	Message Posted: May 15, 2012 11:15:08 PM Ignore KKRR Report Abuse 5 cents in a month and they think its a big deal! Big deal!
johnd900 Veteran Author Massachusetts Posts:475 Points:192,305 Joined:Jan 2012	Message Posted: May 15, 2012 11:06:30 PM Ignore johnd900 Report Abuse Let's see how much we spend if gas was $2.gal.!!!!!!! I'd be bringing my family out for more dinners for starters.
davenles Champion Author Texas Posts:3,336 Points:746,360 Joined:May 2011	Message Posted: May 15, 2012 10:46:45 PM Ignore davenles Report Abuse It needs to keep dropping.
hatmanOR Sophomore Author Oregon Posts:110 Points:164,235 Joined:Feb 2012	Message Posted: May 15, 2012 10:27:29 PM Ignore hatmanOR Report Abuse Duh!
eomc17 Champion Author Tucson Posts:1,843 Points:135,615 Joined:Mar 2007	Message Posted: May 15, 2012 10:17:24 PM Ignore eomc17 Report Abuse Gas prices have dropped in Tucson a whopping NICKEL in the past month and I don't see that anyone is truly better off than at any time in the past several years after being plundered by big oil, the banks during the mortgage scandal, the massive job losses, and despondent people leaving the workforce due to lack of perspectives,and record student loan defaults,...and a record number of people on food stamps. So retail sales were up one tenth of one percent. WHOOPEE!!!