Markets and Economy

How Falling Gas Prices Fuel US Consumers

In 2015, the US government projected that American households would save an average of $700 on gasoline. But which groups have felt the biggest increase in spending power? How much of that extra money do consumers spend, and what do they spend it on?
JPMorgan Chase Institute
July 7, 2016

The JPMorgan Chase Institute analyzed data from 57 million anonymized Chase debit and credit card customers to find out who’s most impacted by the declining cost of gas and how spending patterns have changed as a result of lower gas prices.

This data illuminated the effects that falling gas prices had on consumers across the US and uncovered several significant findings, including:


Download the report


Related Content

How Durable Is the Recovery?

Our Head Economist, Jim Glassman, explores the real reasons why the economic recovery has appeared so slow—and why it's here to stay.

View video about How Durable Is the Recovery?

Time to Dump GDP?

Official GDP estimates may be weak, but the economy shows real strength. Is GDP still a credible measure of economic health?

Read article about Time to Dump GDP?

When Will We See the Benefit of Low Oil Prices?

While consumers may be benefiting from low oil prices, that hasn't yet trickled down to businesses—but it very likely will. Find out when we can expect to feel the positive effects of low energy costs.

View video about When Will We See the Benefit of Low Oil Prices?

How We Can Help

Our Services

Rely on our world-class products and services to help take your business to the next level.

Learn more about Our Services

Our Expertise

Benefit from industry experts who specialize in serving the specific needs of your business.

Learn more about Our Expertise


Weekly insights on the economic issues that matter most to your business.



Find out how we can help your business.

Contact Us


Copyright © 2018 JPMorgan Chase & Co. All rights reserved.