JP Morgan Chase

Low Gas Prices At The Pump

Cheaper Gas Prices Lead to Increased Restaurant and Retail Spending

Lower gas prices have allowed consumers to spend more at restaurants and retail establishments, according to a JPMorgan Chase Institute study. Specifically, consumers spent 19% of their savings on restaurants, 16% on retail, 13% on online retail and 11% on groceries. The other 42% was saved or spent on items such as vehicles. Gas prices