March 3, 2013

Gasoline costs rise to 4% of pre-tax income




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 percentage of household income spent on gasoline in nearly three decades, with the exception of 2008, when the average household spent a similar amount. 

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