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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. 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

  2. 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

  3. 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

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

    Online Articles

    Mon, 14 May 2012

    and is 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

  5. MARKET WATCH: Energy prices fall amid economy fears

    Online Articles

    Thu, 4 Oct 2012

    people received unemployment aid in the week ending Sept. 15, the latest figures available. In a separate report, consumer spending slowed in September after buyers wrapped up their back-to-school shopping. The US Department of Commerce said

  6. 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

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

    Online Articles

    Tue, 8 May 2012

    is 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

  8. MARKET WATCH: Bullish inventory report lifts oil prices

    Online Articles

    Thu, 28 Jun 2012

    9%/year in this year’s first quarter and is expected to repeat that performance in the second quarter. Consumer spending slowed, however, up 2.5% compared with the 2.7% growth earlier projected. The US Department of Labor, meanwhile

  9. MARKET WATCH: Oil, gas prices decline as Isaac diminishes

    Online Articles

    Thu, 30 Aug 2012

    leases in the gulf were shut in ahead of the storm. In other news Aug. 30, the US Commerce Department reported consumer spending rose 0.4% in July, the fastest gain in 5 months; income increased 0.3%, the same as in May and June; but

  10. MARKET WATCH: Oil prices climb in hopeful markets

    Online Articles

    Fri, 27 Apr 2012

    However, DOC officials expect the US economic growth rate to average 3%/year this year with job growth stimulating consumer spending . Such spending increased to 2.9% in the latest quarter, spurred by auto sales. In Houston, analysts with Raymond

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