Benchmark
Don't Expect Gas Savings to Spur U.S. Economy
Americans already spent most of that money, JPMorgan Chase Institute data suggest
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It turns out not all of the spare change from lower gas prices has been lost in couch cushions: As much as 80 percent of it was spent elsewhere, the JPMorgan Chase Institute says.
Gas prices started to slide in the middle of 2014, plunging to a low of $2.03 a gallon in January of this year. The price this week is around $2.25, down from an average of $3.34 last year, according to the American Automobile Association.