Average US family spent nearly $3k on fuel last year

Feb05

Average US family spent nearly $3k on fuel last year - 4% of pretax income

| By David Walker, LeaseTrader.com | Add Comment |

Average US family spent nearly $3k on fuel last year - 4% of pretax income

 

Average US family spent nearly $3k on fuel last year - 4% of pretax income

Does it feel like more of your paycheck is going to pay to fuel up your vehicle? According to the US Energy Information Administration, it is. Last year, the average US household paid $2,912 for gasoline, which represents almost four percent of the average household annual income. The government agency notes that this is the highest percentage of household income spent on fuel in almost 30 years (save 2008, when the numbers were similar).

Oddly enough, US gas consumption fell to its lowest level since 2001, but gas prices have risen dramatically over the last couple of years to take a bigger bite out of our paychecks – 26.1 percent alone in 2011 and another 3.3 percent in 2012. Last year's 3.3 percent fuel price increase was slightly more than the 2.9 percent increase in household income. The one thing we can't blame this on is modern cars. Despite the fact the average US household's travel has increased "significantly" since the '80s, vehicles are now more efficient than ever.

 

 

U.S. household expenditures for gasoline account for nearly 4% of pretax income

 

gasoline

 

 

News Source: Autoblog.com via US Energy Information Administration via AOL Autos

Feedback

No comments posted yet.
Title  
Name
Email
Url
Comments
Please add 3 and 1 and type the answer here:

This story posted by LeaseTrader.com, the automotive service company that lets people transfer out of their Car Leases early. If you're looking to swap a lease or transfer out of your car lease, please visit www.leasetrader.com





  • 2012 MINI Cooper Hardtop
    2012 MINI Cooper Hardtop
    2012 MINI Cooper
    Hardtop
    16 months remaining
    $229.60 per month
    Light Blue color
    Black interior
    San Francisco, CA 94102
  • 2013 Audi A4 2.0T Sedan
    2013 Audi A4 2.0T Sedan
    2013 Audi A4
    2.0T Sedan
    25 months remaining
    $363.00 per month
    Silver color
    Black interior
    San Diego, CA 92127
  • 2013 Jeep Patriot Latitude
    2013 Jeep Patriot Latitude
    2013 Jeep Patriot
    Latitude
    21 months remaining
    $188.69 per month
    White color
    Charcoal interior
    Seattle, WA 98103
  • 2013 BMW 328 i xDrive Sedan
    2013 BMW 328 i xDrive Sedan
    2013 BMW 328
    i xDrive Sedan
    23 months remaining
    $475.64 per month
    White color
    Black interior
    Golden Beach, FL 33160
  • 2012 Chevrolet Volt Sedan
    2012 Chevrolet Volt Sedan
    2012 Chevrolet Volt
    Sedan
    14 months remaining
    $299.99 per month
    Light Green color
    Black interior
    Triangle, VA 22172
  • 2013 Lexus GS 350 Sedan
    2013 Lexus GS 350 Sedan
    2013 Lexus GS
    350 Sedan
    10 months remaining
    $519.00 per month
    Black color
    Brown interior
    Nyc, NY 10023
  • 2013 Mercedes-Benz E350 4MATIC Sedan
    2013 Mercedes-Benz E350 4MATIC Sedan
    2013 Mercedes-Benz E350
    4MATIC Sedan
    14 months remaining
    $563.19 per month
    Silver color
    Black interior
    Dobbs Ferry, NY 10522
  • 2013 Chrysler 200 Limited
    2013 Chrysler 200 Limited
    2013 Chrysler 200
    Limited
    19 months remaining
    $101.21 per month
    Black color
    Black interior
    Troy, MI 48098
  • 2013 Chevrolet Volt Sedan
    2013 Chevrolet Volt Sedan
    2013 Chevrolet Volt
    Sedan
    28 months remaining
    $283.28 per month
    Blue color
    Beige interior
    San Francisco, CA 94131
  • 2012 BMW 328 i Convertible
    2012 BMW 328 i Convertible
    2012 BMW 328
    i Convertible
    14 months remaining
    $550.99 per month
    Gray color
    Tan interior
    Beverly Hills, CA 90210

Categories
Archives