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GasBuddy News Article

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Household spending on gas in 2012 set record

Columbus Dispatch -- U.S. households spent a record sum on gasoline last year, the U.S. Energy Information Administration said yesterday. A greater share of their income went to motor-fuel costs than at any other time since the 1980s.

The average household expenditure on gasoline hit $2,912 in 2012, the agency said, or just less than 4 percent of pretax income, as higher prices at the pump canceled out the effect of more-efficient vehicles.

“This was the highest estimated percentage of household income spent on gasoline in nearly three decades, with the exception of 2008, when the average household spent a similar amount,” the agency said.

“Although overall gasoline consumption has decreased in recent years, a rise in average gasoline prices has led to higher overall household gasoline expenditures.”...


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Submitted Feb 05, 2013 By: EZExit
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tomok
Champion Author Portland

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Message Posted: Feb 12, 2013 3:13:00 PM

Household spending on gas in 2012 set record? Really! Really!
Higher fuel costs, more spending and the same distance traveled to work, the store and Grandma's house.
Big Oil and Big Gas sells fuel and natural gas on the world market for higher prices to other countries.
The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! The price at the pump needs to go down to $2/gallon - *$3, *$3.50/gallon or *$4.00 is Not the new low!
More Refineries are Not the answer, Stop exporting fuel is!
Take care of the domestic fuel market first and above all else!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 8, 2013 5:03:21 AM

and those findings are any surprise to anyone? Too bad, lots of good (taxpayer) money was probably wasted on this study.
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ciimike
Champion Author Nevada

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Message Posted: Feb 6, 2013 9:46:21 AM

It is to be expected, with prices as high as they are. Not every one can afford to spend $30,000 to $50,000 on new efficient vehicles.
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hosspuller
Veteran Author Greensboro

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Message Posted: Feb 6, 2013 9:08:16 AM

Oil prices are set world wide. When our Dollar is undermined through spending beyond our means, all prices rise.

gov't says there's No inflation ??? What does your check book say??

Mine says inflation is getting worse.

[Edited by: hosspuller at 2/6/2013 10:09:20 AM EST]
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endymion
Champion Author New York

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Message Posted: Feb 6, 2013 7:46:12 AM

This is accurate from my experience. Gas price increases reduce consumer discretionary spending and hurt sales of many things.
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gravityhurts
Champion Author North Carolina

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Message Posted: Feb 6, 2013 5:51:41 AM

Just one of many things that is chipping away at our failing economy.
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52MPG
Champion Author Dayton

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Message Posted: Feb 6, 2013 12:12:34 AM

Part of the reason the economy got smaller.
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bby
Champion Author Twin Cities

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Message Posted: Feb 6, 2013 12:07:51 AM

Ok
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TBONE3
Champion Author Pennsylvania

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Message Posted: Feb 6, 2013 12:06:58 AM

I remember a statement made in school back in 1946 by our Political Science teacher that "the one way enemies of the USA can defeat and take over the America is to have them spend the Country into BANKRUPTCY"!! This Administration is doing its utmost to make that prediction come true.

[Edited by: TBONE3 at 2/6/2013 1:07:44 AM EST]
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Vette1967
Champion Author Albany

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Message Posted: Feb 6, 2013 12:06:44 AM

Spending that much...you may want to consider getting a horse.
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Ray_10589
Champion Author New York

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Message Posted: Feb 6, 2013 12:03:51 AM

Gov't .... Greed!
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NedW
Champion Author Indianapolis

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Message Posted: Feb 6, 2013 12:02:34 AM

Ya think?!
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unicornpmb
Champion Author Buffalo

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Message Posted: Feb 5, 2013 11:41:24 PM

Not in this household.
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RAE344
Champion Author Virginia Beach

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Message Posted: Feb 5, 2013 11:40:28 PM

Doesn't take a genius to make this statement. Don't worry with the elections over, 2013 will be another banner year.
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tedjm1
Champion Author New York

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Message Posted: Feb 5, 2013 11:36:48 PM

High prices.
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10k
Champion Author North Carolina

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Message Posted: Feb 5, 2013 11:33:35 PM

rodzilla:

the free stuff deadbeaters have never contributed to the GNP of this country, and with the "great divider" in the white house, they never will..they are the newest "gimme, gimme" society..
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HawaiianGuy
Champion Author Idaho

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Message Posted: Feb 5, 2013 11:33:20 PM

I thought this was supposed to be turned around once Bush and Cheney vacated the White House.... well?
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DCbeachbum
Champion Author South Carolina

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Message Posted: Feb 5, 2013 11:33:10 PM

Paying more for gasoline to go fewer miles. With this economy for the past 4 years is nuts.
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iFueler
Champion Author Durham

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Message Posted: Feb 5, 2013 11:32:05 PM

another article making the rounds
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KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 5, 2013 11:31:37 PM

Old 'news'.
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rodzilla123
Champion Author San Diego

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Message Posted: Feb 5, 2013 11:29:59 PM

If you think Gas expenditures were bad last year, Just wait until Gas goes higher and on top of that when OBAMACARE kicks in, starting this year. Going to cost a family of 4 about $16,000 each year for Less medical care than you already have now. Hope all the Libs Like that, and as for the ones that "Voted for Free Stuff instead of Freedom"' well for the time being they will still get free Medical, But not for very long. Your Day is Coming Too!!!!
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Glock26
Champion Author Dayton

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Message Posted: Feb 5, 2013 11:29:15 PM

Big surprise!!!
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Cheney
Champion Author Toronto

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Message Posted: Feb 5, 2013 11:29:02 PM

what does @bikechuck know about economics?
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boatmen
Champion Author New York

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Message Posted: Feb 5, 2013 11:27:54 PM

Da think
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silverfoxv65
Champion Author Michigan

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Message Posted: Feb 5, 2013 11:26:56 PM

Same here.
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Zonk
Champion Author Michigan

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Message Posted: Feb 5, 2013 11:25:57 PM

obama has stated his intentions are to keep gasoline prices high.
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crreed1
Champion Author West Virginia

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Message Posted: Feb 5, 2013 11:23:13 PM

old news
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bikechuck
Champion Author Indianapolis

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Message Posted: Feb 5, 2013 11:22:59 PM

Sadly this is hurting the economy.
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MrLuigi
Champion Author Massachusetts

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Message Posted: Feb 5, 2013 11:22:33 PM

some records just shouldn't be broken...
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Rageagainsttm
Champion Author Tampa

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Message Posted: Feb 5, 2013 11:19:25 PM

Very true.
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rahcat
Champion Author Grand Rapids

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Message Posted: Feb 5, 2013 11:19:24 PM

Duh....no kidding?
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wshokie12
Champion Author Winston-Salem

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Message Posted: Feb 5, 2013 11:17:08 PM

No doubt.
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pgerassi
Champion Author Milwaukee

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Message Posted: Feb 5, 2013 11:15:10 PM

I spent a little less.
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Godozo
Champion Author Gary

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Message Posted: Feb 5, 2013 11:15:02 PM

The Bakken and the Alberta Oil Sands ain't gonna get cheaper. Especially since the labor is expensive (you gotta pay them for living up in the cold of winter....)
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N5EXY
Champion Author Austin

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Message Posted: Feb 5, 2013 11:14:43 PM

This story line keeps hanging around like a wild internet rumor.
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59glide
Champion Author New Haven

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Message Posted: Feb 5, 2013 11:14:30 PM

I spent way to much on gas.
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cnw 1690
Champion Author South Dakota

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Message Posted: Feb 5, 2013 11:13:07 PM

Just wait until the spending results are in for THIS year!
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ican2step
Champion Author Pittsburgh

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Message Posted: Feb 5, 2013 11:12:56 PM

Really? I'd never have guessed it.
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pastorpaulcg
Champion Author Virginia

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Message Posted: Feb 5, 2013 11:12:41 PM

Not surprising
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Z51Corvette
Champion Author Austin

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Message Posted: Feb 5, 2013 11:11:32 PM

Oh, I didn't get that high... I bet I dropped in consumption. I should find that out later this year, when I do my taxes.
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yyc2yow
Champion Author Ottawa

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Message Posted: Feb 5, 2013 11:10:26 PM

wow thts expensive at your place
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coyotegirl1
Rookie Author Illinois

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Message Posted: Feb 5, 2013 11:10:20 PM

I keep setting new records for spending more money on gas than any of my previous generations ever did.
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Quick68
Champion Author Columbus

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Message Posted: Feb 5, 2013 11:09:37 PM

I am not one of them.
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sjhman
Veteran Author Atlanta

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Message Posted: Feb 5, 2013 11:09:15 PM

2012 was definitely up there
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joel27nc
Champion Author Raleigh

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Message Posted: Feb 5, 2013 11:07:21 PM

This is a shocker?
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regout
Champion Author Quebec

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Message Posted: Feb 5, 2013 11:06:12 PM

Is there a surprise about this?
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WIWalt
Champion Author Wisconsin

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Message Posted: Feb 5, 2013 11:04:55 PM

Same here
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JasTheAce
Champion Author Raleigh

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Message Posted: Feb 5, 2013 11:03:27 PM

duh!
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GAS1251
Champion Author Texas

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Message Posted: Feb 5, 2013 11:03:18 PM

Paralleled by record profits in the oil industry
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RAV4TOY
Rookie Author Akron

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Message Posted: Feb 5, 2013 11:00:50 PM

Too bad those profits don't stay in this country.
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