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Tuesday, December 20, 2011

At Gas pump, 2011 Was The Year Of The Big Squeeze

After a year of record prices, next year isn't looking any better for motorists

— It's been 30 years since gasoline took such a big bite out of the family budget.

When the gifts from Grandma are unloaded and holiday travel is over, the typical American household will have spent $4,155 filling up this year, a record. That is 8.4 percent of what the median family takes in, the highest share since 1981.

Gas averaged more than $3.50 a gallon this year, another unfortunate record. And next year isn't likely to bring relief.



Anonymous said...

It will only keep getting worse until we no longer have a President that is against drilling, pipelines, refineries, and the use of a
American resources and people to fulfill the needs of the American people.

Anonymous said...

It will keep getting worse as long as our elected leaders have their hands in the pockets of the oil companies and utility companies!
It'll also keep getting worse as long as the "speculators" keep speculating on everything!