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Budget Buster: Families Spend $3K a Year on Gas

New government estimates say families are spending nearly $3,000 a year just to fill up their gas tanks.

Families are devoting more of their money to gas these days than they have in most of the past 30 years, according to new estimates in a U.S. energy report.

The average American household spent $2,912—or about 4 percent of its gross income—on gas in 2012, according to estimates from the U.S. Energy Information Administration (EIA). This is a bigger drain on the family budget than at any time in the past three decades except 2008, when the gas grab was about the same.

What may be frustrating for some to hear is that while gas consumption has gone down in recent years, the budget burden has only gotten worse as gas prices have increased.

Back in the early 1980s, families were spending more than 5 percent of their income on gas but traveling much less than we do today. Since then, fuel efficiency has increased significantly, making it cost less per mile for us to get where we're going. However, while U.S. gas consumption was at its lowest level in 10 years in 2011, average gas prices increased that year by 26.1 percent and then again by 3.3 percent last year, according to the EIA.

Tell us: How much is your family spending on gas? What do you do to save money?

Robert Livesay February 10, 2013 at 10:21 PM
No! like a truck that picks up the crap and takes it away. Talk about a moron, Sal you can not spell. Your a plumber?
M.Legison February 12, 2013 at 02:33 AM
$3,000 a year? We're closer to $12,000 for two of us, but with one H2 and one 8 cyl. 4Dr lux sedan that's the price for us.
Vito Spago February 12, 2013 at 07:30 AM
It is only money folks. Just deal with it. it is the new Obama economy. Will only get worse. Enjoy. BTW, wait until you see your bill for Obamacare. $12k+ a year but do not worry. The illegals will thank you for paying for their medical care.
SalthePlumber February 12, 2013 at 05:39 PM
Got not much to say? Skimming the facts? Blame Obama. The refuge of the uninformed...
SalthePlumber February 12, 2013 at 05:42 PM
You have Crap on the brain? I suspect you have a Sh*tty mind. Second-rate at best...

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