According to estimates JPMorgan, 80% of the money saved on gasoline already spent by US consumers - based on AMarkets.
Petrol prices began to fall in mid-2014, falling to 2.03 dollars a gallon in January.Last week, the price per gallon was 2.25 dollars per gallon against average of 3.34 dollars (data from American Automobile Association).
In all of this the savings generated at the end of 2014, has already been spent - experts say. Almost 20% of the savings had been spent in the catering segment.10% savings spent on purchases in supermarkets, entertainment was spent 7%.
Most of the cheap gasoline saved young people aged 18-29 years - the share of this category of expenditure on gasoline is maximum in the total amount of the average salary (about 3.4%).
Well, well ... the bottom line - cheap gasoline did not play and will not play a big role. It is no more than $ 31, the released money per month per person. And almost all of them quietly spent in restaurants, cafes and retail.And it will not affect the GDP in some powerful way.
Read as "Wave forex forecast for a week!"