US household spending for gasoline to remain below $2,000 in 2017… EIA

by Jim Colburn • Sunday, October 8, 2017

Correlation is not causation, but the chart below shows how household expenditures on energy (gasoline) seem to track the economy:

Monetary and fiscal policy get the most discussion when explaining GDP growth, but average household spending on gasoline looks like a pretty good indicator on how the economy is doing… The chart is from the EIA’s Today in Energy

Notice: Theme without comments.php is deprecated since version 3.0.0 with no alternative available. Please include a comments.php template in your theme. in /home/commodityresearc/public_html/blog/wp-includes/functions.php on line 3959

Leave a Reply

Your email address will not be published. Required fields are marked *