Friday, May 13, 2011

Americans Spend $386.09 Monthly on Gasoline - Rachel Smith, US News

If you don’t keep track of your gas receipts, you might want to start. You're probably spending more on gas each month than you realize. A recent study the Oil Price Information Service did for CNNMoney found that the average American household spent $368.09 on gas in April. That’s college textbooks for one semester, two weeks of groceries or two 16 GB iPod Nanos. “The study, which compared average gas prices with median incomes nationwide,” writes CNNMoney, “also showed that U.S. households spent nearly 9% of their total income on gas last month.” That nine percent jump is $194.29 more than the $173.80 Americans spent in 2009.

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