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Consumers Are Finally Spending Their Gas Savings: Jim Cramer By Jim Cramer | Oct 09, 2015 | 08:35 AM EDT

NEW YORK (Real Money) -- Is the consumer finally spending some of that gasoline-pump windfall? Is that money finally flowing back into the economy instead of being stuck in bank accounts earning next to nothing?

For the longest time, far longer than we thought, the money had stayed in the pockets of the consumers. A couple of quarters ago, Visa (V - Get Report) came out with numbers that showed the consumereither hadn't altered behavior because of the low prices at the pump or didn't think they would last. It was almost as if the spare change, which could amount to as much as $1,000 a year for the heavy users, just didn't matter.

Then, out of nowhere, it seems to have taken hold. Thursday, Steve Liesman presented information from the JPMorgan Institute that showed definitively the consumer's now spending that money at retail, particularly in restaurants and supermarkets. Visa's a huge information source, but JPMorgan looked at 25 million accounts and showed empirically that there's a big pickup in retail spending.

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