Americans are pumping about four percent of their incomes into buying gasoline. The Energy Department says U-S households spent an average of just over 29-hundred dollars on gasoline last year. That's the highest level in four years. The percentage reached similar levels in 2008, when a red-hot global economy and panic over dwindling supplies sent gas prices through the roof.
Another report by the Oil Price Information Service showed Americans spent a record 479-billion dollars in gasoline last year. This is more than two and a half times what the nation's annual fuel bill was ten years ago!
The nationwide average price for a gallon of regular gas hit three dollars and sixty cents last year -- also a record-high.
(source: CNN)
