Five Dollars More a Day for Gasoline in 2011
The average american family is spending $369 per month on gasoline. That's a 46% increase from April 2009.
I analyzed our family gasoline costs yesterday and found that we are spending $157 or 38% more this May than last. Our Y/Y monthly gasoline costs rose from $252 to $409 this month with no change in driving habits. Using the article's methodology, we spend a higher percentage of our pre-tax income on gasoline than the average american family. I'm not surprised, considering that I commute 88 miles per day to work, where the average Jose probably has a shorter commute distance.
The annualized additional $1884 that I spend on gasoline comes right out of discretionary spending. That's $36 per week that I won't spend in the consumer economy that america counts on for jobs and GDP. A $5.14 per day tax imposed by a federal government that won't drill for oil in the midst of a Depression as it prints dollars to loan to billionaires to drive up the price of oil.
I analyzed our family gasoline costs yesterday and found that we are spending $157 or 38% more this May than last. Our Y/Y monthly gasoline costs rose from $252 to $409 this month with no change in driving habits. Using the article's methodology, we spend a higher percentage of our pre-tax income on gasoline than the average american family. I'm not surprised, considering that I commute 88 miles per day to work, where the average Jose probably has a shorter commute distance.
The annualized additional $1884 that I spend on gasoline comes right out of discretionary spending. That's $36 per week that I won't spend in the consumer economy that america counts on for jobs and GDP. A $5.14 per day tax imposed by a federal government that won't drill for oil in the midst of a Depression as it prints dollars to loan to billionaires to drive up the price of oil.
posted by lugh lampfhota at 9:16 AM
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