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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.”...

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Submitted Feb 05, 2013 By: EZExit

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tomok Champion Author Portland Posts:33,073 Points:2,347,460 Joined:Aug 2006	Message Posted: Feb 12, 2013 4:13:00 PM Ignore tomok Report Abuse 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:18,643 Points:1,611,470 Joined:Nov 2008	Message Posted: Feb 8, 2013 6:03:21 AM Ignore honda0105 Report Abuse 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:4,638 Points:1,062,060 Joined:Aug 2005	Message Posted: Feb 6, 2013 10:46:21 AM Ignore ciimike Report Abuse 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 Sophomore Author Greensboro Posts:175 Points:1,568,150 Joined:Mar 2004	Message Posted: Feb 6, 2013 10:08:16 AM Ignore hosspuller Report Abuse 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 All-Star Author New York Posts:843 Points:174,630 Joined:Nov 2012	Message Posted: Feb 6, 2013 8:46:12 AM Ignore endymion Report Abuse 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:4,103 Points:939,455 Joined:Sep 2008	Message Posted: Feb 6, 2013 6:51:41 AM Ignore gravityhurts Report Abuse Just one of many things that is chipping away at our failing economy.
52MPG Champion Author Dayton Posts:7,272 Points:1,743,655 Joined:Apr 2006	Message Posted: Feb 6, 2013 1:12:34 AM Ignore 52MPG Report Abuse Part of the reason the economy got smaller.
bby Champion Author Twin Cities Posts:5,734 Points:1,023,870 Joined:Nov 2009	Message Posted: Feb 6, 2013 1:07:51 AM Ignore bby Report Abuse Ok
TBONE3 Champion Author Pennsylvania Posts:8,756 Points:1,978,600 Joined:Mar 2005	Message Posted: Feb 6, 2013 1:06:58 AM Ignore TBONE3 Report Abuse 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:5,972 Points:1,277,725 Joined:Jun 2009	Message Posted: Feb 6, 2013 1:06:44 AM Ignore Vette1967 Report Abuse Spending that much...you may want to consider getting a horse.
Ray_10589 Champion Author New York Posts:4,956 Points:1,184,935 Joined:May 2009	Message Posted: Feb 6, 2013 1:03:51 AM Ignore Ray_10589 Report Abuse Gov't .... Greed!
NedW Champion Author Indianapolis Posts:5,625 Points:1,144,195 Joined:Mar 2008	Message Posted: Feb 6, 2013 1:02:34 AM Ignore NedW Report Abuse Ya think?!
unicornpmb Champion Author Buffalo Posts:8,501 Points:1,631,465 Joined:Sep 2005	Message Posted: Feb 6, 2013 12:41:24 AM Ignore unicornpmb Report Abuse Not in this household.
RAE344 Champion Author Virginia Beach Posts:3,075 Points:663,470 Joined:Jun 2011	Message Posted: Feb 6, 2013 12:40:28 AM Ignore RAE344 Report Abuse 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:800,300 Joined:Dec 2006	Message Posted: Feb 6, 2013 12:36:48 AM Ignore tedjm1 Report Abuse High prices.
10k Champion Author North Carolina Posts:21,269 Points:2,255,970 Joined:May 2006	Message Posted: Feb 6, 2013 12:33:35 AM Ignore 10k Report Abuse 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:9,538 Points:3,081,650 Joined:May 2003	Message Posted: Feb 6, 2013 12:33:20 AM Ignore HawaiianGuy Report Abuse I thought this was supposed to be turned around once Bush and Cheney vacated the White House.... well?
DCbeachbum Champion Author South Carolina Posts:2,647 Points:906,315 Joined:May 2010	Message Posted: Feb 6, 2013 12:33:10 AM Ignore DCbeachbum Report Abuse Paying more for gasoline to go fewer miles. With this economy for the past 4 years is nuts.
iFueler Champion Author Durham Posts:64,433 Points:180,475 Joined:Nov 2012	Message Posted: Feb 6, 2013 12:32:05 AM Ignore iFueler Report Abuse another article making the rounds
KrsnaDragon Champion Author Montreal Posts:2,417 Points:533,250 Joined:Nov 2011	Message Posted: Feb 6, 2013 12:31:37 AM Ignore KrsnaDragon Report Abuse Old 'news'.
rodzilla123 Champion Author San Diego Posts:4,410 Points:1,036,315 Joined:Jul 2008	Message Posted: Feb 6, 2013 12:29:59 AM Ignore rodzilla123 Report Abuse 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:1,534 Points:634,335 Joined:Mar 2011	Message Posted: Feb 6, 2013 12:29:15 AM Ignore Glock26 Report Abuse Big surprise!!!
Cheney Champion Author Toronto Posts:2,025 Points:2,536,920 Joined:May 2004	Message Posted: Feb 6, 2013 12:29:02 AM Ignore Cheney Report Abuse what does @bikechuck know about economics?
boatmen Champion Author New York Posts:3,085 Points:624,305 Joined:Jan 2011	Message Posted: Feb 6, 2013 12:27:54 AM Ignore boatmen Report Abuse Da think
silverfoxv65 Champion Author Michigan Posts:4,490 Points:1,232,000 Joined:Sep 2009	Message Posted: Feb 6, 2013 12:26:56 AM Ignore silverfoxv65 Report Abuse Same here.
Zonk Champion Author Michigan Posts:6,491 Points:2,104,715 Joined:Oct 2005	Message Posted: Feb 6, 2013 12:25:57 AM Ignore Zonk Report Abuse obama has stated his intentions are to keep gasoline prices high.
crreed1 Champion Author West Virginia Posts:1,995 Points:2,528,285 Joined:May 2005	Message Posted: Feb 6, 2013 12:23:13 AM Ignore crreed1 Report Abuse old news
bikechuck Champion Author Indianapolis Posts:7,021 Points:2,065,070 Joined:Apr 2006	Message Posted: Feb 6, 2013 12:22:59 AM Ignore bikechuck Report Abuse Sadly this is hurting the economy.
MrLuigi Champion Author Massachusetts Posts:4,783 Points:968,635 Joined:Jun 2005	Message Posted: Feb 6, 2013 12:22:33 AM Ignore MrLuigi Report Abuse some records just shouldn't be broken...
Rageagainsttm Champion Author Tampa Posts:8,313 Points:1,904,930 Joined:Jul 2007	Message Posted: Feb 6, 2013 12:19:25 AM Ignore Rageagainsttm Report Abuse Very true.
rahcat Champion Author Grand Rapids Posts:2,478 Points:664,900 Joined:Jan 2010	Message Posted: Feb 6, 2013 12:19:24 AM Ignore rahcat Report Abuse Duh....no kidding?
wshokie12 Champion Author Winston-Salem Posts:1,330 Points:218,510 Joined:Aug 2012	Message Posted: Feb 6, 2013 12:17:08 AM Ignore wshokie12 Report Abuse No doubt.
pgerassi Champion Author Milwaukee Posts:10,906 Points:2,133,555 Joined:Apr 2007	Message Posted: Feb 6, 2013 12:15:10 AM Ignore pgerassi Report Abuse I spent a little less.
Godozo All-Star Author Gary Posts:676 Points:560,415 Joined:Dec 2010	Message Posted: Feb 6, 2013 12:15:02 AM Ignore Godozo Report Abuse 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:5,502 Points:1,512,030 Joined:Jul 2004	Message Posted: Feb 6, 2013 12:14:43 AM Ignore N5EXY Report Abuse This story line keeps hanging around like a wild internet rumor.
59glide All-Star Author New Haven Posts:858 Points:1,050,775 Joined:Apr 2006	Message Posted: Feb 6, 2013 12:14:30 AM Ignore 59glide Report Abuse I spent way to much on gas.
cnw 1690 Champion Author South Dakota Posts:13,473 Points:2,790,040 Joined:Oct 2003	Message Posted: Feb 6, 2013 12:13:07 AM Ignore cnw 1690 Report Abuse Just wait until the spending results are in for THIS year!
ican2step Champion Author Pittsburgh Posts:1,691 Points:429,350 Joined:Feb 2012	Message Posted: Feb 6, 2013 12:12:56 AM Ignore ican2step Report Abuse Really? I'd never have guessed it.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Feb 6, 2013 12:12:41 AM Ignore pastorpaulcg Report Abuse Not surprising
Z51Corvette Champion Author Austin Posts:8,495 Points:1,673,120 Joined:Jan 2008	Message Posted: Feb 6, 2013 12:11:32 AM Ignore Z51Corvette Report Abuse 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 All-Star Author Ottawa Posts:658 Points:571,310 Joined:Dec 2009	Message Posted: Feb 6, 2013 12:10:26 AM Ignore yyc2yow Report Abuse wow thts expensive at your place
coyotegirl1 Rookie Author Illinois Posts:43 Points:108,775 Joined:Dec 2012	Message Posted: Feb 6, 2013 12:10:20 AM Ignore coyotegirl1 Report Abuse I keep setting new records for spending more money on gas than any of my previous generations ever did.
Quick68 Champion Author Columbus Posts:8,238 Points:1,227,750 Joined:Dec 2009	Message Posted: Feb 6, 2013 12:09:37 AM Ignore Quick68 Report Abuse I am not one of them.
sjhman Veteran Author Atlanta Posts:410 Points:278,420 Joined:Sep 2008	Message Posted: Feb 6, 2013 12:09:15 AM Ignore sjhman Report Abuse 2012 was definitely up there
joel27nc Champion Author Raleigh Posts:10,547 Points:1,860,320 Joined:Mar 2008	Message Posted: Feb 6, 2013 12:07:21 AM Ignore joel27nc Report Abuse This is a shocker?
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: Feb 6, 2013 12:06:12 AM Ignore regout Report Abuse Is there a surprise about this?
WIWalt Champion Author Wisconsin Posts:1,736 Points:416,745 Joined:Mar 2012	Message Posted: Feb 6, 2013 12:04:55 AM Ignore WIWalt Report Abuse Same here
JasTheAce All-Star Author Raleigh Posts:980 Points:174,285 Joined:Nov 2012	Message Posted: Feb 6, 2013 12:03:27 AM Ignore JasTheAce Report Abuse duh!
GAS1251 Champion Author Texas Posts:5,158 Points:1,628,180 Joined:Jun 2008	Message Posted: Feb 6, 2013 12:03:18 AM Ignore GAS1251 Report Abuse Paralleled by record profits in the oil industry
RAV4TOY Rookie Author Akron Posts:5 Points:149,480 Joined:Jul 2004	Message Posted: Feb 6, 2013 12:00:50 AM Ignore RAV4TOY Report Abuse Too bad those profits don't stay in this country.