Gasoline costs take biggest share of household income in three decades

“The 3.3 percent estimated gasoline price rise in 2012 outpaced the 2.9 percent estimated increase in income.”

“The Energy Department’s statistical arm reported Monday that the average household spent $2,912 for gasoline in 2012, which is almost four percent of pre-tax income, tying 2008 for the highest percentage in roughly 30 years.”

Read more at The Hill.

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