Quick Stats

Quick Stats

    You are here

    Gas Stations Earn 13 Cents of Every Retail Dollar

    This percentage has stagnated over the past two years, Commerce Dept. data shows.
     

    NATIONAL REPORT -- Americans spent 13 percent of their total retail dollars at gas stations last month, a slight increase vs. early 2011. According to U.S. Commerce Department data, American consumers spent $47.85 billion at gas stations in October, or 13 percent of the total $367.56 billion spent at all retailers combined.

    Although 13 cents out of every retail dollar seems like a huge number, that figure actually has not changed much over the last few years. In fact, during the first quarter of 2011, 12.5 percent -- or one out of every eight cents -- was spent at gas stations.

    The modest economic recovery, continued high U.S. unemployment and higher fuel-economy standards have reduced demand for gasoline, according to a report by the Wall Street Journal. Those factors contributed to this October being the weakest for gasoline use since October 2000.

    Superstorm Sandy was also a contributing factor for weak gasoline usage last month.

     

    Related Content

    Related Content