We're Driving Less, but Spending More on GasolineBy
Last year the average U.S. household spent just under $3,000 on gasoline, or about 4 percent of its income, according to the Energy Information Administration. With the exception of 2008, when oil peaked at $144 a barrel, that’s the highest share of income that’s gone to gasoline since the early 1980s, when it was closer to 5 percent.
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