Oil prices continue to slide down. The free-fall of oil prices will affect consumer spending. Spending less at the pump gives Americans a massive transfer of wealth to consumers thanks to dropped prices. They will have $110 billion more to spend across the economy. This will be a boost to the entire U.S. GDP and economy.

Source: National Deseret News

Got an interesting Fast Fact for a business audience? Please send and share it with our 1,653 subscribers. Click here to subscribe to Read|Delete and receive fast facts delivered weekly.

mmercurio@offitkurman.com | 301.575.0332 | Biz Tek Today

You can also connect with Offit Kurman via Facebook, Twitter, Google+, YouTube, and LinkedIn