Gas Prices Take Bigger Chunk of Paycheck - - ABC13

Gas Prices Take Bigger Chunk of Paycheck

Posted: Updated:

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)

Most Popular

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WSET. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.