07 Feb '13, 2pm

U.S Families Spent Almost $3,000 on Fuel On Average in 2012

U.S Families Spent Almost $3,000 on Fuel On Average in 2012

According to the EIA, that is the highest amount of money spent on fuel in almost 30 years, except for 2008 due to a massive oil price spike (to $147 per barrel) that took place during that year. Oil prices plummeted after that in December 2008, and in 2009 to the ~$35 per barrel range because oil demand decreased significantly. People simply could not afford $147 per barrel of oil and gas prices that exceeded $5 per gallon in some areas.

Full article: http://gas2.org/2013/02/07/u-s-families-spent-almost-3000...

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