Saturday, May 7, 2011

Grim Look on Gas, May 7 2011

Ben Rooney
CNN Money
Your Monthly Gasoline Bill: $368 chart gas household.top

NEW YORK (CNNMoney) — Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos.

These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline.

That’s the average amount American households spent on gas in April, according to an exclusive analysis of data by the Oil Price Information Service for CNNMoney.

The study, which compared average gas prices with median incomes nationwide, also showed that U.S. households spent nearly 9% of their total income on gas last month.

Full story here.

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