Falling Gas Prices Not Doing Much for the Economy

Filed under: Retail, Gas Prices, GDP, Oil & Gas Industry, Economy

FlickrBy Jeff CoxAmericans aren't spending much of the money they're saving at the pump.Some benefit in home prices and employment have come to areas with long commutes, but effects on retail spending have been "more ambiguous," according to an analysis from Goldman Sachs economists.

While consumer spending has picked up since Q1, results for the year so far have fallen short of our expectations.

"Our view has been that...

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