Businesses and consumers alike love falling energy costs.
Obviously, the more energy-intensive users benefit the most from the recent ~40% plunge in oil prices.
“US Bureau of Economic Analysis (BEA) data show that energy input costs equate to more than 2% of US private industry gross output (revenues),” Goldman Sachs’ David Kostin noted. “A decline in oil prices of 40% should therefore lower costs and expand margins… Inputs vary substantially by industry, with transportation benefiting the most and information technology the least.”
Here’s an industry breakdown from Kostin.
Business Insider Emails & Alerts
Site highlights each day to your inbox.