American Consumers See Windfall From Lower Gasoline Costs

When it comes to pulling up to the gasoline pump, Americans haven’t had it this good since 2011.

Plunging fuel prices will free up as much as $60 billion over the next year that the consumer can spend on a fall jacket, a movie ticket or just more groceries. Economists at Barclays Plc and JPMorgan Chase & Co. are among those that reckon the boost to incomes will lift U.S. economic growth.