Americans Spent Record Amount on Gasoline in 2012

Transportation
Feb 13th, 2013 | By Aubrey Yee

A report released last week from the U.S. Energy Information Administration (EIA) showed that American households spent close to 4% of their pre-tax household incomes—that’s an average of $2,912 per family—on gasoline in 2012.

“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 EIA said.

Even though overall gasoline consumption is down due in part to more fuel-efficient vehicles, higher prices at the pump are offsetting those gains, according to the report. In other words, we’re using less gas, but paying more for it.

The Wall Street Journal interviewed people filling up at an Exxon station near the nation’s capital, where gas prices were $4.49 a gallon for regular gas. Anne McKenna, a lawyer based in Baltimore whose family spends up to $150 per week on gas, said she and her husband have started taking turns driving the more efficient car, depending on who is driving farther.

The graph below shows that the previous record amount was just below $2,750 in 2008. The average cost of a gallon of gasoline in 2012 was $3.70 according to the EIA, up 30% from 2010.

Source: [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=9831) Source: [EIA](http://www.eia.gov/todayinenergy/detail.cfm?id=9831)

The high price of oil is tied to volatile global markets, and millions of average Americans are feeling the pinch. Sustainable America wants to reduce oil usage for transportation in America 50% by 2030. We aim to do this by increasing use of natural gas as a transportation fuel, advanced biofuels and electric vehicles. We believe that energy independence is critical for the future of America, and reducing reliance on oil for transportation is a central aspect of achieving domestic energy security.

Tagged: peak oil, oil prices, hybrid electric vehicles, consumption of oil, fuel, gas prices, electric vehicles, price of gas, Crude Oil, Natural Gas, Alt Fuels

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