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U.S. consumers are spending a smaller share of their disposable income on energy than they did in the past

Energy Insights / Charts & Analysis / U.S. consumers are spending a smaller share of their disposable income on energy than they did in the past

On average, U.S. consumers are spending a smaller share of their disposable income on energy than they did in the past. In 2024, consumers spent the equivalent of ~5.7% of their disposable income on gasoline, natural gas, electricity, fuel oil, and other fuels. This is down from a high of 10% in 1984. Over the past decade, consumers have spent an average of ~5.9% of their disposable income on energy expenditures, the lowest in at least four decades. Gasoline accounts for the largest share of energy expenditures at ~52% of the total, followed by electricity at ~36%.