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Author Topic: Budget Buster: Families Spend $3K a Year on Gas Back to Topics
johton
Champion Author
Seattle

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Message Posted: Feb 9, 2013 5:05:51 PM

Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4% of income before taxes, according to EIA estimates. This was the highest estimated percentage of household income spent on gasoline in nearly three decades, with the exception of 2008,
Visit US EIA for full article
REPLIES (newest first) Post a Reply
jrs4125
Champion Author Indiana

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Message Posted: Feb 11, 2013 7:35:46 AM

Gasoline price is high but the states are not getting enough tax due to the decline in sales (better MPG hybrid and electric). Look for that to change.
remay
Champion Author Houston

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Message Posted: Feb 11, 2013 6:54:49 AM

Tighten the belts even more, it looks like it is getting worse...
DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 11, 2013 3:23:28 AM

abolish all bureaucracies - govt included - where self important mgrs call endless meetings, and more people can work at home and probably be more efficient
PCWHIZ
Champion Author Denver

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Message Posted: Feb 10, 2013 3:44:57 PM

My family spends far too much in gas but theres not a whole lot that I can do about it because driving is a necessary evil.
Jeff4U
Champion Author Atlanta

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Message Posted: Feb 10, 2013 10:55:05 AM

Those figures assume an average income of $75,000 per year. (75,000 x 4%)

In 2012, I spent $1,311.76 on fuel while being unemployed. (tracked by Quicken)
That's a hell of a lot more than a 4 percent cost.
mpg611
Champion Author Cleveland

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Message Posted: Feb 10, 2013 10:02:13 AM

Lets see.... liberals are about doing it for the kids AND conservatives about the family... those knuckleheads better find a way to lower the gas prices for the groups they claim to stand up for.
qwerty17
Champion Author New Jersey

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Message Posted: Feb 10, 2013 9:57:39 AM

gaaaa!
JoeWino
Champion Author Dallas

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Message Posted: Feb 10, 2013 9:38:33 AM

I track my fuel purchases on GB and the number has been right around 3K the last 2 years. Sad part is I work from home and the commuter car gets 32 mpg.
hadji812
Sophomore Author Topeka

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Message Posted: Feb 10, 2013 9:09:29 AM

more here than 3k on gas a year
Straitliner
Champion Author Illinois

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Message Posted: Feb 10, 2013 8:46:45 AM

I'm afraid its going to get worse.
BEGTWO
Champion Author Maryland

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Message Posted: Feb 10, 2013 8:40:23 AM

Sounds about right!
ClarkSC
Champion Author South Carolina

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Message Posted: Feb 10, 2013 8:20:00 AM

And going higher.
Nancy&Len
Champion Author Cleveland

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Message Posted: Feb 10, 2013 7:14:16 AM

It will only get worse.
leeac
Champion Author Ohio

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Message Posted: Feb 10, 2013 7:11:24 AM

The good news is that consumers are buying more fuel efficient vehicles.
dr047
Champion Author Cleveland

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Message Posted: Feb 10, 2013 7:05:40 AM


Yea, driving a gas hog for one task at a time.
hokieburgh
Champion Author Virginia

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Message Posted: Feb 10, 2013 4:21:53 AM

a regressive reality....the aggregate of 4% of income is misleading when considering the various income strata.
gs7101
Champion Author San Antonio

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Message Posted: Feb 10, 2013 4:16:28 AM

Wow!
Bussman
Champion Author Dallas

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Message Posted: Feb 10, 2013 3:59:51 AM

Crippling.
Palantas
All-Star Author Indianapolis

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Message Posted: Feb 10, 2013 2:45:46 AM

I don't spend that much, but I feel bad for people who do.
carloco75
Champion Author Richmond

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Message Posted: Feb 10, 2013 2:39:10 AM

my friends don't giva sit...they spend about that much or more but they never leave town...
I spend a little more than a thousand a year...that includes visits to my family that live out 4 and 6 hours away from me...
flatrock14
Champion Author Michigan

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Message Posted: Feb 10, 2013 2:20:21 AM

i can relate to that
Ply440GTX
Champion Author Kansas

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Message Posted: Feb 10, 2013 1:07:40 AM

GUH!!!
CivicMA
Champion Author Boston

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Message Posted: Feb 10, 2013 12:27:07 AM

At the rate prices are increasing, it will likely be $3.5-4K by the end of 2013.
gcalleja
Champion Author Miami

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Message Posted: Feb 10, 2013 12:24:39 AM

Just drive less
JCI46009IN
Champion Author Indiana

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Message Posted: Feb 10, 2013 12:23:17 AM

and big oil continues to make obscene profits
ExplorerWA
Champion Author Washington

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Message Posted: Feb 10, 2013 12:20:54 AM

It will keep going up and watch the price of food go up too.
andy1024
Champion Author Allentown

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Message Posted: Feb 9, 2013 11:41:26 PM

Energy cost has become a significant portion of the family expenditure.
Robert44
Champion Author Columbus

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Message Posted: Feb 9, 2013 11:25:18 PM

Were SCREWED, prices to go HIGHER!!!!!
TomT2Lee
Champion Author Cincinnati

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Message Posted: Feb 9, 2013 11:23:44 PM

And we can thank the DC politicians and the central bankers for their award winning destruction in value of the US dollar.
playtimeCLE
Champion Author Cleveland

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Message Posted: Feb 9, 2013 10:56:39 PM

Kinda ruins the idea of burning a tank of gas going for a drive in the country taking scenic pics.
fedupMN
Champion Author Twin Cities

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Message Posted: Feb 9, 2013 10:48:09 PM

And it will be worse in 2013
Tekkersmom57
Champion Author Syracuse

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Message Posted: Feb 9, 2013 10:31:55 PM

I feel the same way, Night Owl, they are laughing at us while they are making their big bucks!
esq262
Champion Author Asheville

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Message Posted: Feb 9, 2013 10:23:48 PM

It's a big hunk of our family budget.
davenles
Champion Author Texas

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Message Posted: Feb 9, 2013 10:23:42 PM

Rise in food prices aren't any better.
LostInNY
Champion Author New York

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Message Posted: Feb 9, 2013 10:11:06 PM

Obviously, these are not NY prices....
alterman156
Champion Author New York

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Message Posted: Feb 9, 2013 10:03:37 PM

People are spending an awful lot of money on gasoline.
Night Owl
Champion Author Toronto

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Message Posted: Feb 9, 2013 9:45:25 PM

And greedy Wall Street speculators are laughing all the way to the bank.
investmentdr
Champion Author Cleveland

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Message Posted: Feb 9, 2013 9:18:35 PM

Drive less
eddiebauzer
Rookie Author Seattle

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Message Posted: Feb 9, 2013 9:05:57 PM

The roughly $72,000 household income does seem high. I thought the median was more like $50,000. That would make the 2012 percentage more like 5.8%.
pgerassi
Champion Author Milwaukee

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Message Posted: Feb 9, 2013 8:56:45 PM

Whats going on posting responses for news articles.
Yooperheart
Champion Author Michigan

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Message Posted: Feb 9, 2013 8:38:15 PM

Quit work and go on welfare.
YaBassa
Champion Author Michigan

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Message Posted: Feb 9, 2013 7:22:32 PM

You can thank greedy Big Oil
molebaby96
Champion Author Tallahassee

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Message Posted: Feb 9, 2013 7:08:20 PM

The government does need to work on lowing fuel price.
07skydriver
Champion Author Ohio

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Message Posted: Feb 9, 2013 7:07:35 PM

Just stay home.
HorizonChaser
Champion Author Montgomery

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Message Posted: Feb 9, 2013 7:02:25 PM

Thanks to 0bama that's just the start. That amount will certainly rise over his next 4 years.
BigRedVTX
Champion Author Georgia

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Message Posted: Feb 9, 2013 6:55:36 PM

Obviously, someone needs to be in charge. But not our government (at least in this iteration).
Rockyguitar
Champion Author Tampa

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Message Posted: Feb 9, 2013 6:53:16 PM

But under Hussein, it's all good! It's the new normal; just like high unemployment!
humblepie
Champion Author Toledo

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Message Posted: Feb 9, 2013 5:57:41 PM

simple obamanomics folks
djwhit
Champion Author Ohio

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Message Posted: Feb 9, 2013 5:56:13 PM

OIL CO DON'T CARE ABOUT THE PEOPLE.........AND OBAMA DOESN'T............
ss70
Champion Author Detroit

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Message Posted: Feb 9, 2013 5:54:26 PM

Unless Feds act this will go up only
Tacodan
Champion Author Cincinnati

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Message Posted: Feb 9, 2013 5:52:27 PM

I only drive 5000 miles a year
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