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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:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Oct 8, 2012 4:47:04 AM Ignore honda0105 Report Abuse crm: indeed, indeed.
crmedic Champion Author Arkansas Posts:2,669 Points:224,150 Joined:Jul 2011	Message Posted: Oct 7, 2012 5:09:19 PM Ignore crmedic Report Abuse Politics as usual
honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Oct 7, 2012 7:12:01 AM Ignore honda0105 Report Abuse Pig Oil's greed at its best.
wild3bill Champion Author New York Posts:2,546 Points:1,687,015 Joined:Nov 2005	Message Posted: Sep 30, 2012 9:56:00 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:1,215 Points:312,165 Joined:Jun 2012	Message Posted: Sep 30, 2012 9:55:22 AM Ignore johton Report Abuse that's a no brainer.
jim27106 All-Star Author North Carolina Posts:770 Points:782,010 Joined:Feb 2009	Message Posted: Sep 30, 2012 12:17:31 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:7,305 Points:1,637,945 Joined:Feb 2007	Message Posted: Sep 29, 2012 11:41:01 PM Ignore Blue48 Report Abuse BUMMER!
Aviator_Rob Champion Author New York Posts:3,795 Points:413,315 Joined:Mar 2012	Message Posted: Sep 29, 2012 11:23:59 PM 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:3,795 Points:413,315 Joined:Mar 2012	Message Posted: Sep 29, 2012 11:20:22 PM 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:7,889 Points:1,919,155 Joined:Mar 2006	Message Posted: Sep 29, 2012 11:14:03 PM 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:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Sep 29, 2012 11:12:59 PM Ignore rahcat Report Abuse Need deeper pockets.
phinsup67 Champion Author North Carolina Posts:5,365 Points:1,179,880 Joined:Oct 2005	Message Posted: Sep 29, 2012 11:04:15 PM Ignore phinsup67 Report Abuse It's getting painful.
PizzaMon Champion Author Philadelphia Posts:5,134 Points:1,861,655 Joined:Jun 2006	Message Posted: Sep 29, 2012 10:59:39 PM Ignore PizzaMon Report Abuse Elementary.
mcmonsta Champion Author Honolulu Posts:3,227 Points:818,545 Joined:Sep 2009	Message Posted: Sep 29, 2012 10:56:38 PM Ignore mcmonsta Report Abuse higher gas prices filter and always makes consumers pay more...sooner or later
dgracing318 Champion Author Georgia Posts:1,022 Points:465,535 Joined:May 2011	Message Posted: Sep 29, 2012 10:56:31 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:1,003 Points:213,030 Joined:Aug 2012	Message Posted: Sep 29, 2012 10:55:44 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:1,304 Points:1,463,725 Joined:Jun 2008	Message Posted: Sep 29, 2012 10:55:25 PM Ignore tidalwave3 Report Abuse There is only so much $$$ for consumer
Holly123 Champion Author Charlotte Posts:3,202 Points:790,210 Joined:Dec 2010	Message Posted: Sep 29, 2012 10:50:13 PM Ignore Holly123 Report Abuse Something's gotta give!
SparkieMi Champion Author Kalamazoo Posts:3,258 Points:588,325 Joined:Sep 2011	Message Posted: Sep 29, 2012 10:50:08 PM Ignore SparkieMi Report Abuse Thanks to greed.......
30mpg80 Champion Author Lexington Posts:10,028 Points:1,487,855 Joined:Nov 2008	Message Posted: Sep 29, 2012 10:48:58 PM Ignore 30mpg80 Report Abuse Gee, ya think so?
Is246 Champion Author Albuquerque Posts:1,013 Points:426,715 Joined:Apr 2011	Message Posted: Sep 29, 2012 10:45:56 PM Ignore Is246 Report Abuse cutbacks everywhere will hppen.
abacus44 Champion Author Toms River Posts:3,480 Points:747,740 Joined:Jan 2011	Message Posted: Sep 29, 2012 10:45:19 PM Ignore abacus44 Report Abuse In other words, Inflation.
tutaw Champion Author Kentucky Posts:3,600 Points:842,745 Joined:Sep 2008	Message Posted: Sep 29, 2012 10:43:33 PM Ignore tutaw Report Abuse yup
TNT2EC Champion Author Wisconsin Posts:4,989 Points:1,512,610 Joined:Oct 2008	Message Posted: Sep 29, 2012 10:43:13 PM Ignore TNT2EC Report Abuse Thanks greedy speculators
suzmar Champion Author Texas Posts:2,212 Points:872,740 Joined:Jun 2006	Message Posted: Sep 29, 2012 10:42:03 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:10,896 Points:2,132,355 Joined:Apr 2007	Message Posted: Sep 29, 2012 10:42:00 PM Ignore pgerassi Report Abuse DUH!
big_mac64 Champion Author Tennessee Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: Sep 29, 2012 10:41:50 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:571 Points:401,600 Joined:Jan 2012	Message Posted: Sep 29, 2012 10:37:49 PM Ignore Shakleelady31 Report Abuse Well, yeah!
g747 Champion Author Mobile Posts:4,541 Points:933,670 Joined:Jul 2009	Message Posted: Sep 29, 2012 10:36:28 PM Ignore g747 Report Abuse We are still getting clobbered @ the pumps!!!!!!!!!!!.
driveonby1 Champion Author Toledo Posts:1,507 Points:256,665 Joined:Jun 2007	Message Posted: Sep 29, 2012 10:34:07 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:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Sep 29, 2012 10:33:35 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:119,930 Joined:Jan 2012	Message Posted: Sep 29, 2012 10:29:29 PM Ignore Azimuthal Report Abuse What do you expect???
waynemustang Champion Author Indiana Posts:6,372 Points:1,665,560 Joined:Nov 2006	Message Posted: Sep 29, 2012 10:19:51 PM Ignore waynemustang Report Abuse Get more domestic oil to help consumer spending.
darkknight1 Champion Author Winston-Salem Posts:4,335 Points:895,835 Joined:Nov 2010	Message Posted: Sep 29, 2012 10:15:51 PM Ignore darkknight1 Report Abuse no surprise to any of us.
netman044 Champion Author Texas Posts:6,848 Points:1,289,025 Joined:Sep 2005	Message Posted: Sep 29, 2012 10:14:29 PM Ignore netman044 Report Abuse Brilliant statement
bkplenge Champion Author Tallahassee Posts:1,618 Points:121,850 Joined:Sep 2005	Message Posted: Sep 29, 2012 10:13:47 PM Ignore bkplenge Report Abuse Are the "experts" actually starting to figure this out?
blazerbob91 Champion Author Milwaukee Posts:6,145 Points:1,883,670 Joined:Aug 2005	Message Posted: Sep 29, 2012 10:10:11 PM Ignore blazerbob91 Report Abuse $4 gas will kill any recovery
woodeye55 Champion Author Gary Posts:7,365 Points:1,857,730 Joined:Mar 2006	Message Posted: Sep 29, 2012 10:09:15 PM Ignore woodeye55 Report Abuse ...and people REALLY want 4 more years of this?
CAroadrunner101 Champion Author California Posts:1,827 Points:1,316,175 Joined:Mar 2009	Message Posted: Sep 29, 2012 10:08:08 PM Ignore CAroadrunner101 Report Abuse whatever...
rf6480 Champion Author Miami Posts:1,534 Points:547,805 Joined:Mar 2011	Message Posted: Sep 29, 2012 10:06:48 PM Ignore rf6480 Report Abuse can't spend what I don't have
CISA Champion Author Orange County Posts:5,946 Points:1,398,990 Joined:Dec 2006	Message Posted: Sep 29, 2012 10:05:37 PM Ignore CISA Report Abuse next
SpankyMI Champion Author Kalamazoo Posts:2,708 Points:759,430 Joined:Jan 2011	Message Posted: Sep 29, 2012 10:04:53 PM Ignore SpankyMI Report Abuse No doubt, good thing it is not figured into the cost of living.
mrbee Champion Author Little Rock Posts:3,754 Points:2,465,980 Joined:Oct 2005	Message Posted: Sep 29, 2012 10:04:45 PM Ignore mrbee Report Abuse Definately spending more.
drobbbb Champion Author Maryland Posts:3,475 Points:811,635 Joined:Dec 2010	Message Posted: Sep 29, 2012 10:03:01 PM Ignore drobbbb Report Abuse no question about that
Alfied Champion Author Riverside Posts:7,940 Points:1,756,260 Joined:Jun 2001	Message Posted: Sep 29, 2012 10:01:57 PM Ignore Alfied Report Abuse Up and down, up and down, makes the world go around.
gsayeg1 All-Star Author Milwaukee Posts:787 Points:140,505 Joined:Jun 2008	Message Posted: Sep 29, 2012 9:59:09 PM Ignore gsayeg1 Report Abuse wait till next week - big ouch coming
bevmill Champion Author Georgia Posts:2,577 Points:600,320 Joined:Apr 2006	Message Posted: Sep 29, 2012 9:57:14 PM Ignore bevmill Report Abuse If consumer spending is up, it's because of the high price of gas.
A2J Champion Author Richmond Posts:3,070 Points:601,975 Joined:Aug 2011	Message Posted: Sep 29, 2012 9:56:23 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 9:51:19 PM Ignore Goofoff Report Abuse Dah
jim48656 All-Star Author Michigan Posts:662 Points:224,030 Joined:Apr 2012	Message Posted: Sep 29, 2012 9:49:54 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?