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Consumer Spending

Consumer Spending news and technical articles from Oil & Gas Journal. Search Consumer Spending latest and archived news and articles

  1. EIA: US household spending on home energy fell last year

    Magazine Articles

    Mon, 29 Apr 2013

    OGJ editors US average consumer spending on home energy fell $12 billion in 2012 compared with 2011, the Energy Information Administration reported. Last year's energy

  2. MARKET WATCH: Geopolitical pressure from Syria pushed up oil prices

    Online Articles

    Fri, 26 Apr 2013

    economic growth escalated to an annual rate of 2.5% in the first quarter of this year, the result of the strongest consumer spending in more than 2 years. Government spending fell, however. Analysts say tax increases and federal budget cuts could

  3. MARKET WATCH: NYMEX gasoline, diesel futures prices climb on anticipated demand

    Online Articles

    Fri, 27 Dec 2013

    2013 ). A series of positive economic indicators has brightened the outlook for US energy demand, particularly consumer spending on fuel, analysts say. That latest indicator came Dec. 26 when the US Department of Labor said initial jobless

  4. MARKET WATCH: Crude makes small gains; products, gas prices continue slipping

    Online Articles

    Fri, 26 Jul 2013

    confidence and crimping gasoline demand. In addition, recent economic data flow has also pointed to a slowing down of consumer spending .” Meanwhile US crude production has resumed its previous upward trend, possibly putting a brake on declines in US

  5. EIA: US Household spending on home energy fell last year

    Online Articles

    Tue, 23 Apr 2013

    US average consumer spending on home energy fell $12 billion in 2012 compared with 2011, the Energy Information Administration reported. Last year’s energy

  6. US brinksmanship with economy must not become routine

    Online Articles

    Fri, 4 Oct 2013

    recover until 2012. • Between the second and third quarters of 2011, household wealth—a strong influence on consumer spending , which accounts for roughly 70% of gross domestic product—fell $2.4 trillion. • Worry about the standoff

  7. MARKET WATCH: Reduced inventory, warmer weather increase oil, gas prices

    Online Articles

    Thu, 12 Jul 2012

    reversed later this quarter. US manufacturing declined in June for the first time in the economic recovery, while consumer spending stalled in May. “The Fed failed to inspire markets as it remained divided over whether current data is sufficient

  8. MARKET WATCH: Crude price drops, ending 2-day rally

    Online Articles

    Fri, 27 May 2011

    trade that remains in our opinion a systemic risk. We expect that low trading volume will prevail today.” The consumer spending element of the first quarter GDP in the US was downgraded from 2.7% to 2.2%. “Most of the banks are lowering

  9. API reports mixed demand figures for July

    Online Articles

    Fri, 19 Aug 2011

    were down 0.6% from a year ago. Overall demand was curtailed by continued economic weakness amid a decline in consumer spending , an increase in jobless claims, and an increase in the trade deficit. API figures show that motor gasoline deliveries

  10. Abundant oil doesn't mean energy independence, SAFE report warns

    Online Articles

    Tue, 8 May 2012

    not related to the amount of oil imported.” US transportation relies heavily on oil products “that affect consumer spending in real time,” it also noted. “As oil prices increase during crises such as those that occurred in 1973-74, 1979

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