Concept
How did gas prices affect consumer spending and the broader economy?
IntroductionToBusiness OP 8D04gAa / 1.7. Competing in a Free Market*
"More than a decade after Katrina, U.S. gas prices have fluctuated dramatically, with the cost of a gallon of regular gas peaking in 2014 at $3.71, dropping as low as $1.69 in early 2015, and moderating to $2.36 in mid-2017. Recent research by JP Morgan Chase revealed that consumers spend roughly 80 percent of their savings from lower gas prices, which helps the overall economy."
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