The American Consumer Is On Track To Save $40 Billion In Annual Energy Costs

Americans will be very happy if the recent drop in gas prices is maintained.

According to Deutsche Bank’s Joe LaVorgna, every one cent change in the price of a gallon of gas is worth approximately $1 billion in annual US household energy expenditures.

Since June, retail gas prices went from around $3.70 per gallon down to $3.30 on October 6. By LaVorgna’s estimate, consumer cash flow will be juiced by an approximate annualized rate of $40 billion.

Read more:


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s