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


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