Gasoline: $386.09 Monthly - Dodge Nitro Forum
Chrysler/Dodge/Jeep News Find out the latest scoop here!

 
LinkBack Thread Tools Display Modes
post #1 of 1 (permalink) Old 05-05-2011, 10:10 AM Thread Starter
Super Moderator
 
rickaren's Avatar
 
Join Date: Nov 2006
Location: Indiana
Posts: 22,859
Garage
Question Gasoline: $386.09 Monthly

Americans Spend $386.09 Monthly on Gasoline

Rachel Smith


May 05, 2011

If you don’t keep track of your gas receipts, you might want to start. You're probably spending more on gas each month than you realize.

A recent study the Oil Price Information Service did for CNNMoney found that the average American household spent $368.09 on gas in April. That’s college textbooks for one semester, two weeks of groceries or two 16 GB iPod Nanos.

“The study, which compared average gas prices with median incomes nationwide,” writes CNNMoney, “also showed that U.S. households spent nearly 9% of their total income on gas last month.” That nine percent jump is $194.29 more than the $173.80 Americans spent in 2009.

The portion of income that goes toward gasoline varies from state to state. For example, gas in Mississippi hovers around $3.60, according to MississippiGasPrices.com, which is about 40 cents below the national average. In April, Mississippians spent about 14% of their income on gas, or $434.52, in part because incomes are lower there. The median household earns $36,646 a year. The monthly average is also higher because commutes are longer and more people drive older cars that aren’t fuel-efficient.

Americans who live in large cities tend to spend the least. Thanks to efficient public transportation, New York households spent 5.5% of their income on gasoline, and Washington D.C. households spent 2 percent of their income, or $89. There is one more caveat: Incomes in these areas are much higher, especially compared to Mississippi.

Unfortunately, the nearly $370 or more you spend each month to fuel your car may only increase. Today, AAA reports that the national average for a gallon of regular gasoline is just 1.5 cents shy of four dollars. With summer approaching and turmoil continuing in the Middle East, these numbers are expected to rise. To combat rising gas prices, you could do as the Washingtonians do and take public transportation. The American Public Transportation Association says that taking the bus or subway could save you up to $1,200 a month – enough to buy a new car, take a vacation or buy the latest MacBook Pro.


Rick

Nitro Year: 2007 (1 of 91,815 sold in 07)
Nitro Model: R/T 4X4 Stone White
CAT-BACK Exhaust, CAI, Projector Head Lamps
Fully-Equipped w/all factory options
rickaren is online now  
Sponsored Links
Advertisement
 
Reply

  Dodge Nitro Forum > Dodge Nitro News & Polls > Chrysler/Dodge/Jeep News

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Dodge Nitro Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
US Demand for Gasoline Dropping rickaren Chrysler/Dodge/Jeep News 0 12-21-2010 11:43 AM
$875 Monthly Nitro Payment! rickaren General Discussion 2 08-08-2009 04:26 PM
US summer gasoline use expected up 1%, price down rickaren Chrysler/Dodge/Jeep News 0 04-14-2009 10:58 AM
Chrysler LLC Sets New Quarterly and Monthly Records For Sales Outside North America rickaren Chrysler/Dodge/Jeep News 0 04-08-2008 09:06 AM
Average Monthly Payments OSSMETALLICA Chrysler/Dodge/Jeep News 0 01-24-2008 11:53 AM

Posting Rules  
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome