Everyday Americans across the country are benefiting from low-cost energy with the average price for a gallon of gasoline hovering around $1.75 and natural gas prices falling to historic lows. In fact, data collected by the U.S. Bureau of Economic Analysis shows that households are spending less today on energy goods and services than almost any point in recent history.

In January, energy expenditures fell to less than 4 percent of total consumer spending, a sharp drop from only a few years ago. Consumers don’t just feel the effect of cheap energy at the gas station, the decrease in prices also translates to falling prices for consumer goods and services.