Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:28 PM

GasBuddy News Article

56
votes
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.”...


Read the Full Article

Submitted Feb 05, 2013 By: EZExit
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Household spending on gas in 2012 set record Back to Topics
REPLIES (newest first) Post a Reply
tomok
Champion Author Portland

Posts:46,802
Points:3,172,985
Joined:Aug 2006
Message Posted: Feb 12, 2013 4:13:00 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!
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Feb 8, 2013 6:03:21 AM

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

Posts:4,773
Points:1,195,475
Joined:Aug 2005
Message Posted: Feb 6, 2013 10:46:21 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.
hosspuller
Veteran Author Greensboro

Posts:419
Points:2,107,830
Joined:Mar 2004
Message Posted: Feb 6, 2013 10:08:16 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]
endymion
Champion Author New York

Posts:2,473
Points:506,295
Joined:Nov 2012
Message Posted: Feb 6, 2013 8:46:12 AM

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

Posts:5,648
Points:1,652,105
Joined:Sep 2008
Message Posted: Feb 6, 2013 6:51:41 AM

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

Posts:10,636
Points:2,551,275
Joined:Apr 2006
Message Posted: Feb 6, 2013 1:12:34 AM

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

Posts:8,110
Points:1,700,115
Joined:Nov 2009
Message Posted: Feb 6, 2013 1:07:51 AM

Ok
TBONE3
Champion Author Pennsylvania

Posts:10,829
Points:2,427,350
Joined:Mar 2005
Message Posted: Feb 6, 2013 1:06:58 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]
Vette1967
Champion Author Albany

Posts:9,350
Points:2,089,145
Joined:Jun 2009
Message Posted: Feb 6, 2013 1:06:44 AM

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

Posts:8,139
Points:1,973,120
Joined:May 2009
Message Posted: Feb 6, 2013 1:03:51 AM

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

Posts:8,118
Points:1,729,345
Joined:Mar 2008
Message Posted: Feb 6, 2013 1:02:34 AM

Ya think?!
unicornpmb
Champion Author Buffalo

Posts:11,879
Points:2,466,870
Joined:Sep 2005
Message Posted: Feb 6, 2013 12:41:24 AM

Not in this household.
RAE344
Champion Author Virginia Beach

Posts:6,500
Points:1,470,285
Joined:Jun 2011
Message Posted: Feb 6, 2013 12:40:28 AM

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

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Feb 6, 2013 12:36:48 AM

High prices.
10k
Champion Author North Carolina

Posts:25,806
Points:3,064,100
Joined:May 2006
Message Posted: Feb 6, 2013 12:33:35 AM

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..
HawaiianGuy
Champion Author Idaho

Posts:12,873
Points:3,877,830
Joined:May 2003
Message Posted: Feb 6, 2013 12:33:20 AM

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

Posts:3,701
Points:1,614,570
Joined:May 2010
Message Posted: Feb 6, 2013 12:33:10 AM

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

Posts:76,700
Points:1,011,875
Joined:Nov 2012
Message Posted: Feb 6, 2013 12:32:05 AM

another article making the rounds
KrsnaDragon
Champion Author Montreal

Posts:6,170
Points:1,340,025
Joined:Nov 2011
Message Posted: Feb 6, 2013 12:31:37 AM

Old 'news'.
rodzilla123
Champion Author San Diego

Posts:5,648
Points:1,306,065
Joined:Jul 2008
Message Posted: Feb 6, 2013 12:29:59 AM

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!!!!
Glock26
Champion Author Dayton

Posts:4,776
Points:1,414,035
Joined:Mar 2011
Message Posted: Feb 6, 2013 12:29:15 AM

Big surprise!!!
Cheney
Champion Author Toronto

Posts:2,739
Points:3,230,350
Joined:May 2004
Message Posted: Feb 6, 2013 12:29:02 AM

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

Posts:5,795
Points:1,317,415
Joined:Jan 2011
Message Posted: Feb 6, 2013 12:27:54 AM

Da think
silverfoxv65
Champion Author Michigan

Posts:7,913
Points:2,039,730
Joined:Sep 2009
Message Posted: Feb 6, 2013 12:26:56 AM

Same here.
Zonk
Champion Author Michigan

Posts:9,828
Points:2,905,650
Joined:Oct 2005
Message Posted: Feb 6, 2013 12:25:57 AM

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

Posts:5,156
Points:3,248,860
Joined:May 2005
Message Posted: Feb 6, 2013 12:23:13 AM

old news
bikechuck
Champion Author Indianapolis

Posts:10,428
Points:2,876,150
Joined:Apr 2006
Message Posted: Feb 6, 2013 12:22:59 AM

Sadly this is hurting the economy.
MrLuigi
Champion Author Massachusetts

Posts:8,132
Points:1,772,615
Joined:Jun 2005
Message Posted: Feb 6, 2013 12:22:33 AM

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

Posts:11,479
Points:2,691,105
Joined:Jul 2007
Message Posted: Feb 6, 2013 12:19:25 AM

Very true.
rahcat
Champion Author Grand Rapids

Posts:6,130
Points:1,500,225
Joined:Jan 2010
Message Posted: Feb 6, 2013 12:19:24 AM

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

Posts:3,505
Points:949,215
Joined:Aug 2012
Message Posted: Feb 6, 2013 12:17:08 AM

No doubt.
pgerassi
Champion Author Milwaukee

Posts:14,287
Points:2,940,320
Joined:Apr 2007
Message Posted: Feb 6, 2013 12:15:10 AM

I spent a little less.
Godozo
Champion Author Gary

Posts:1,677
Points:1,265,890
Joined:Dec 2010
Message Posted: Feb 6, 2013 12:15:02 AM

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....)
N5EXY
Champion Author Austin

Posts:8,915
Points:2,320,305
Joined:Jul 2004
Message Posted: Feb 6, 2013 12:14:43 AM

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

Posts:1,149
Points:1,724,135
Joined:Apr 2006
Message Posted: Feb 6, 2013 12:14:30 AM

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

Posts:16,758
Points:3,585,965
Joined:Oct 2003
Message Posted: Feb 6, 2013 12:13:07 AM

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

Posts:4,888
Points:1,214,625
Joined:Feb 2012
Message Posted: Feb 6, 2013 12:12:56 AM

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

Posts:3,615
Points:779,635
Joined:Dec 2010
Message Posted: Feb 6, 2013 12:12:41 AM

Not surprising
Z51Corvette
Champion Author Austin

Posts:11,258
Points:2,390,775
Joined:Jan 2008
Message Posted: Feb 6, 2013 12:11:32 AM

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.
yyc2yow
Champion Author Ottawa

Posts:1,043
Points:690,575
Joined:Dec 2009
Message Posted: Feb 6, 2013 12:10:26 AM

wow thts expensive at your place
coyotegirl1
Rookie Author Illinois

Posts:43
Points:760,325
Joined:Dec 2012
Message Posted: Feb 6, 2013 12:10:20 AM

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

Posts:12,877
Points:2,039,075
Joined:Dec 2009
Message Posted: Feb 6, 2013 12:09:37 AM

I am not one of them.
sjhman
Veteran Author Atlanta

Posts:429
Points:927,575
Joined:Sep 2008
Message Posted: Feb 6, 2013 12:09:15 AM

2012 was definitely up there
joel27nc
Champion Author Raleigh

Posts:13,938
Points:2,691,195
Joined:Mar 2008
Message Posted: Feb 6, 2013 12:07:21 AM

This is a shocker?
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Feb 6, 2013 12:06:12 AM

Is there a surprise about this?
WIWalt
Champion Author Wisconsin

Posts:5,012
Points:1,221,845
Joined:Mar 2012
Message Posted: Feb 6, 2013 12:04:55 AM

Same here
JasTheAce
Champion Author Raleigh

Posts:4,290
Points:1,000,635
Joined:Nov 2012
Message Posted: Feb 6, 2013 12:03:27 AM

duh!
GAS1251
Champion Author Texas

Posts:8,537
Points:2,459,140
Joined:Jun 2008
Message Posted: Feb 6, 2013 12:03:18 AM

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

Posts:5
Points:149,930
Joined:Jul 2004
Message Posted: Feb 6, 2013 12:00:50 AM

Too bad those profits don't stay in this country.
charg3rguy1991
Champion Author Greensboro

Posts:1,395
Points:409,800
Joined:Sep 2012
Message Posted: Feb 5, 2013 11:58:48 PM

surprised, uh no
Post a reply Back to Topics