Peter Hall, Vice-President and Chief Economist for Export Development Canada (EDC) also added that «American consumers are sturdy thanks to solid job growth, rising real wages, restored confidence, better - managed household budgets, and a $ 100 billion bonus
from lower gasoline prices.»
U.S. retail sales fell for a second month in a row as consumers are saving, not spending, their windfall
from lower gasoline prices.
«Overall, the tone of this report was disappointing as it points to a weak start to spending activity this year, despite the significant boost to disposable income
from lower gasoline prices,» said Millan Mulraine, deputy chief economist at TD Securities in New York.
«County and ZIP code level data suggest that areas with long commute times — which benefit disproportionally
from lower gasoline prices — have experienced a boost in their labor and housing markets relative to other locations,» Shan and Pandl wrote.
As a whole, the industry benefited
from low gasoline prices, easy credit and moderate economic growth.
This optimistic outlook prompted the BoC to state that gains in income
from lower gasolines prices will be beneficial to consumer and to Canada's economy — with the income gains being used to either «boost current spending or to repay debt or increase savings, thus improving consumers» ability to spend in future years.»
Not exact matches
Among the industries that are doing well are the construction and hospitality sectors, along with travel / transportation and logistics / trucking, which both benefit
from low oil and
gasoline prices.
Motor
gasoline consumption is expected to increase by 194,000 barrels per day (b / d), up 2.1 %
from last summer, reflecting higher real disposable income, substantially
lower retail motor
gasoline prices and higher employment and consumer confidence.
She suggested shipments of oil
from Alberta and B.C. natural gas traversing Alberta could be on the chopping block, and had no firm answer about what Horgan's NDP government would have to do to provoke such a last - resort retaliation, a nasty flash of trade warring that could send
Lower Mainland
gasoline prices skyward.
The Department of Consumer Protection is charged with ensuring a fair and equitable marketplace for consumers through various initiatives including scam alert and protections, licensing of plumbers and electrical engineers, helping consumers find the
lowest gasoline and oil
prices, ensuring accuracy of weights and measures, protecting consumers
from the sale of unsafe children's products and other programs aimed to ensure fairness to Westchester's consumers.
The shift
from sedans and hatchbacks («cars» in industry parlance) to SUVs, crossovers, and pickups («trucks») appears to be a long - term trend, helped along by
gasoline prices much
lower than earlier in the decade, and making fuel seem comparably cheap.
Schaeffer says diesel is currently 17 cents more than premium unleaded, but, ironically,
lower gasoline demand resulting
from more efficient cars and more cautious driving habits has
lowered prices.
The December STEO expects that
gasoline prices in 2015 will be 23 %
lower than the 2014 average, and consumption in December will be virtually unchanged
from year - earlier levels, as increased fuel economy balances out increases in vehicle miles traveled in response to
lower prices and other factors.
CARD claims that
from January 2000 to December 2011, «the growth in ethanol production reduced wholesale
gasoline prices by $ 0.29 per gallon on average across all regions,» and that in 2011 ethanol
lowered gasoline prices by a whopping $ 1.09 per gallon.
That's why the LCFS is so important: it directly limits heat - trapping emissions
from fuel, ensuring there's a market for
low - carbon fuels, regardless of the
price of
gasoline.
And high
gasoline prices affect the
lower - paid as well as housing costs which force them to live far away
from where they work.
Another culprit is the Chinese government: On one side, it asks automakers to make more efficient vehicles, but on the other it «has tried to shield farmers and the urban poor
from high oil
prices by freezing pump
prices for
gasoline and diesel, keeping them among the world's
lowest.
«There is a market inconsistency between pressing automotive manufacturers for improved fuel economy
from new vehicles on the one hand, and insisting on
low real
gasoline prices on the other.
Wall Street Journal —
Low oil
prices and economic growth have helped drive up consumer demand for energy across the world in 2015, the International Energy Agency said Thursday, a phenomenon seen
from U.S.
gasoline stations to Chinese auto dealerships.
Year ahead expected
gasoline price change expectations dropped noticeably, with the median falling
from 4.2 percent to 2.8 percent, returning to the
low levels observed in fall 2014 and suggesting that respondents see current
low prices as more permanent.