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IPFS News Link • Economy - Economics USA

Americans Haven't Spent This Much Of Their Paycheck On Gas In 30 Years

• Business Insider

The EIA notes,

Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4% of income before taxes, according to EIA estimates. 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.

Lower end consumer getting clocked. Keep it on your radar.

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