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Higher gas costs push consumer spending up

herald-dispatch -- WASHINGTON -- Americans boosted their spending in August even though their income barely grew. Much of the spending increase went to pay higher gas prices, which may have forced consumers to cut back elsewhere.

The Commerce Department said Friday that consumer spending rose 0.5 percent in August from July. It was the biggest jump since February.

Gas prices rose nearly 50 cents per gallon in July and August, but have since leveled off. Excluding the impact of higher gas prices and other price gains, spending ticked up only 0.1 percent last month.

Income grew only 0.1 percent, too. But after accounting for inflation and deducting taxes, income actually fell 0.3 percent -- the poorest performance since November.

The increase in prices and slower growth in pay forced people to

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Submitted Sep 29, 2012 By: aservant

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 8, 2012 5:47:04 AM Ignore honda0105 Report Abuse crm: indeed, indeed.
crmedic Champion Author Arkansas Posts:2,909 Points:248,475 Joined:Jul 2011	Message Posted: Oct 7, 2012 6:09:19 PM Ignore crmedic Report Abuse Politics as usual
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Oct 7, 2012 8:12:01 AM Ignore honda0105 Report Abuse Pig Oil's greed at its best.
wild3bill Champion Author New York Posts:2,551 Points:1,695,490 Joined:Nov 2005	Message Posted: Sep 30, 2012 10:56:00 AM Ignore wild3bill Report Abuse The news that spending was up caused the Big Oil Monopoly to raise gasoline preices! AND THEN the accountants announced all the increase went into paying for higher petroleum prices. All the penny prices drops we say after the Labor Day gouge got reversed TODAY!The economy is in a tailspin. Bad news that people are spending too much on gasoline was taken as good news an excuse to raise prices by the Big Oil Monopoly : and the poor get poorer.Consumer spending will go up again but employment and pay DID NOT.Things will go from bad to where all Hell breaks loose like 2008.False propeganda or rumor is used as anexcuse to rape the economy one more time!
johton Champion Author Seattle Posts:1,350 Points:338,865 Joined:Jun 2012	Message Posted: Sep 30, 2012 10:55:22 AM Ignore johton Report Abuse that's a no brainer.
jim27106 All-Star Author North Carolina Posts:783 Points:804,620 Joined:Feb 2009	Message Posted: Sep 30, 2012 1:17:31 AM Ignore jim27106 Report Abuse We have to spend more on gas, but the child support people expect us to continue to pay the same amount for our kids.
Blue48 Champion Author Illinois Posts:7,445 Points:1,665,645 Joined:Feb 2007	Message Posted: Sep 30, 2012 12:41:01 AM Ignore Blue48 Report Abuse BUMMER!
Aviator_Rob Champion Author New York Posts:3,985 Points:440,290 Joined:Mar 2012	Message Posted: Sep 30, 2012 12:23:59 AM Ignore Aviator_Rob Report Abuse What exactly does a "truly competitive car market" look line, @driveonby1? Is that one where GM and Chrysler go under, taking one million jobs with them? Do you think Americans will then flock to Ford because it would be the last U.S. automaker or would they just buy more cars and trucks from Toyota and maybe Honda?
Aviator_Rob Champion Author New York Posts:3,985 Points:440,290 Joined:Mar 2012	Message Posted: Sep 30, 2012 12:20:22 AM Ignore Aviator_Rob Report Abuse For the record, @suzmar, quantitative easing is what's keeping the home mortgage interest rate at record lows. Without that, you'd see way more foreclosures on your block and that wouldn't do wonders for the price of your home.
Focus2 Champion Author Illinois Posts:7,910 Points:1,928,350 Joined:Mar 2006	Message Posted: Sep 30, 2012 12:14:03 AM Ignore Focus2 Report Abuse Its too bad when one commodity we are locked in on steals the money from all others.
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Sep 30, 2012 12:12:59 AM Ignore rahcat Report Abuse Need deeper pockets.
phinsup67 Champion Author North Carolina Posts:5,365 Points:1,181,980 Joined:Oct 2005	Message Posted: Sep 30, 2012 12:04:15 AM Ignore phinsup67 Report Abuse It's getting painful.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,885,580 Joined:Jun 2006	Message Posted: Sep 29, 2012 11:59:39 PM Ignore PizzaMon Report Abuse Elementary.
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,320 Joined:Sep 2009	Message Posted: Sep 29, 2012 11:56:38 PM Ignore mcmonsta Report Abuse higher gas prices filter and always makes consumers pay more...sooner or later
dgracing318 Champion Author Georgia Posts:1,127 Points:492,185 Joined:May 2011	Message Posted: Sep 29, 2012 11:56:31 PM Ignore dgracing318 Report Abuse DUH! who in the hell didnt already know this. I spend $100 per week to fill both of our vehicles where it used to take $60. I love my change anybody want whats left?
CCLighthouse Champion Author Hartford Posts:1,131 Points:238,700 Joined:Aug 2012	Message Posted: Sep 29, 2012 11:55:44 PM Ignore CCLighthouse Report Abuse I don't think this is the "good sign of the economy growing" we're looking for.
tidalwave3 Champion Author Tallahassee Posts:1,366 Points:1,488,765 Joined:Jun 2008	Message Posted: Sep 29, 2012 11:55:25 PM Ignore tidalwave3 Report Abuse There is only so much $$$ for consumer
Holly123 Champion Author Charlotte Posts:3,332 Points:817,460 Joined:Dec 2010	Message Posted: Sep 29, 2012 11:50:13 PM Ignore Holly123 Report Abuse Something's gotta give!
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: Sep 29, 2012 11:50:08 PM Ignore SparkieMi Report Abuse Thanks to greed.......
30mpg80 Champion Author Lexington Posts:10,265 Points:1,514,580 Joined:Nov 2008	Message Posted: Sep 29, 2012 11:48:58 PM Ignore 30mpg80 Report Abuse Gee, ya think so?
Is246 Champion Author Albuquerque Posts:1,044 Points:443,535 Joined:Apr 2011	Message Posted: Sep 29, 2012 11:45:56 PM Ignore Is246 Report Abuse cutbacks everywhere will hppen.
abacus44 Champion Author Toms River Posts:3,600 Points:773,790 Joined:Jan 2011	Message Posted: Sep 29, 2012 11:45:19 PM Ignore abacus44 Report Abuse In other words, Inflation.
tutaw Champion Author Kentucky Posts:3,759 Points:870,220 Joined:Sep 2008	Message Posted: Sep 29, 2012 11:43:33 PM Ignore tutaw Report Abuse yup
TNT2EC Champion Author Wisconsin Posts:5,113 Points:1,537,365 Joined:Oct 2008	Message Posted: Sep 29, 2012 11:43:13 PM Ignore TNT2EC Report Abuse Thanks greedy speculators
suzmar Champion Author Texas Posts:2,223 Points:896,185 Joined:Jun 2006	Message Posted: Sep 29, 2012 11:42:03 PM Ignore suzmar Report Abuse The government needs to stay out of the way, it is largely due to their interference that we have high gasoline prices. Every time the fed devalues the dollar by their quantitative easing it pushes the cost of energy up.
pgerassi Champion Author Milwaukee Posts:11,036 Points:2,159,245 Joined:Apr 2007	Message Posted: Sep 29, 2012 11:42:00 PM Ignore pgerassi Report Abuse DUH!
big_mac64 Champion Author Tennessee Posts:10,600 Points:1,490,130 Joined:May 2005	Message Posted: Sep 29, 2012 11:41:50 PM Ignore big_mac64 Report Abuse I cut back on driving to ease the pain at the pump...not stuff I need to live!
Shakleelady31 All-Star Author Fort Wayne Posts:597 Points:423,550 Joined:Jan 2012	Message Posted: Sep 29, 2012 11:37:49 PM Ignore Shakleelady31 Report Abuse Well, yeah!
g747 Champion Author Mobile Posts:4,682 Points:961,370 Joined:Jul 2009	Message Posted: Sep 29, 2012 11:36:28 PM Ignore g747 Report Abuse We are still getting clobbered @ the pumps!!!!!!!!!!!.
driveonby1 Champion Author Toledo Posts:1,548 Points:264,865 Joined:Jun 2007	Message Posted: Sep 29, 2012 11:34:07 PM Ignore driveonby1 Report Abuse Duh. If we had a truly competitive car market, we wouldn't have wasted money and time with electric cars and failed big two makers, and would likely have more natural gas vehicles and more wells dug by now.
wayoung56 Champion Author Alabama Posts:2,920 Points:845,010 Joined:Oct 2006	Message Posted: Sep 29, 2012 11:33:35 PM Ignore wayoung56 Report Abuse I didn't need any dweebs in the Commerce Department to tell me that...
Azimuthal Rookie Author Hamilton Posts:32 Points:123,530 Joined:Jan 2012	Message Posted: Sep 29, 2012 11:29:29 PM Ignore Azimuthal Report Abuse What do you expect???
waynemustang Champion Author Indiana Posts:6,465 Points:1,690,260 Joined:Nov 2006	Message Posted: Sep 29, 2012 11:19:51 PM Ignore waynemustang Report Abuse Get more domestic oil to help consumer spending.
darkknight1 Champion Author Winston-Salem Posts:4,475 Points:922,785 Joined:Nov 2010	Message Posted: Sep 29, 2012 11:15:51 PM Ignore darkknight1 Report Abuse no surprise to any of us.
netman044 Champion Author Texas Posts:6,848 Points:1,306,875 Joined:Sep 2005	Message Posted: Sep 29, 2012 11:14:29 PM Ignore netman044 Report Abuse Brilliant statement
bkplenge Champion Author Tallahassee Posts:1,635 Points:124,690 Joined:Sep 2005	Message Posted: Sep 29, 2012 11:13:47 PM Ignore bkplenge Report Abuse Are the "experts" actually starting to figure this out?
blazerbob91 Champion Author Milwaukee Posts:6,279 Points:1,910,020 Joined:Aug 2005	Message Posted: Sep 29, 2012 11:10:11 PM Ignore blazerbob91 Report Abuse $4 gas will kill any recovery
woodeye55 Champion Author Gary Posts:7,507 Points:1,884,455 Joined:Mar 2006	Message Posted: Sep 29, 2012 11:09:15 PM Ignore woodeye55 Report Abuse ...and people REALLY want 4 more years of this?
CAroadrunner101 Champion Author California Posts:1,962 Points:1,342,150 Joined:Mar 2009	Message Posted: Sep 29, 2012 11:08:08 PM Ignore CAroadrunner101 Report Abuse whatever...
rf6480 Champion Author Miami Posts:1,583 Points:569,785 Joined:Mar 2011	Message Posted: Sep 29, 2012 11:06:48 PM Ignore rf6480 Report Abuse can't spend what I don't have
CISA Champion Author Orange County Posts:6,046 Points:1,419,640 Joined:Dec 2006	Message Posted: Sep 29, 2012 11:05:37 PM Ignore CISA Report Abuse next
SpankyMI Champion Author Kalamazoo Posts:2,831 Points:784,615 Joined:Jan 2011	Message Posted: Sep 29, 2012 11:04:53 PM Ignore SpankyMI Report Abuse No doubt, good thing it is not figured into the cost of living.
mrbee Champion Author Little Rock Posts:3,894 Points:2,493,530 Joined:Oct 2005	Message Posted: Sep 29, 2012 11:04:45 PM Ignore mrbee Report Abuse Definately spending more.
drobbbb Champion Author Maryland Posts:3,590 Points:837,010 Joined:Dec 2010	Message Posted: Sep 29, 2012 11:03:01 PM Ignore drobbbb Report Abuse no question about that
Alfied Champion Author Riverside Posts:8,074 Points:1,782,990 Joined:Jun 2001	Message Posted: Sep 29, 2012 11:01:57 PM Ignore Alfied Report Abuse Up and down, up and down, makes the world go around.
gsayeg1 All-Star Author Milwaukee Posts:877 Points:151,375 Joined:Jun 2008	Message Posted: Sep 29, 2012 10:59:09 PM Ignore gsayeg1 Report Abuse wait till next week - big ouch coming
bevmill Champion Author Georgia Posts:2,716 Points:628,000 Joined:Apr 2006	Message Posted: Sep 29, 2012 10:57:14 PM Ignore bevmill Report Abuse If consumer spending is up, it's because of the high price of gas.
A2J Champion Author Richmond Posts:3,205 Points:628,700 Joined:Aug 2011	Message Posted: Sep 29, 2012 10:56:23 PM Ignore A2J Report Abuse me too
Goofoff Champion Author Virginia Posts:11,882 Points:2,177,200 Joined:Aug 2006	Message Posted: Sep 29, 2012 10:51:19 PM Ignore Goofoff Report Abuse Dah
jim48656 All-Star Author Michigan Posts:666 Points:240,210 Joined:Apr 2012	Message Posted: Sep 29, 2012 10:49:54 PM Ignore jim48656 Report Abuse The person that wrote this must be a genius. How in the world did he or she ever figure this out?