Oil, gas states see largest consumer spending growth

Since the end of the Great Recession, consumer spending has grown more in major oil and gas industry states than in other states.


North Dakota, home to most of the Bakken oil and natural gas formation, saw consumer spending grow 28 percent between 2009 and 2012, The Associated Press reported, citing a government report. 2012 is the most recent year for which there was data.

In Oklahoma, spending increased 16 percent in the same period.

The states with the weakest consumer spending increases were those hit the worst by the housing bust, including Nevada and Arizona, AP said.

Income in North Dakota surged 16.2 percent per person between 2011 and 2012, the most of any state.