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Friday, October 09 2015 @ 08:49 AM UTC

Gasoline costs take biggest share of household income in three decades

Biking ElsewhereBy Ben Geman, The hill

Trips to the gasoline pump in 2012 and 2008 took their biggest share of U.S. household income in several decades, according to the federal Energy Information Administration (EIA).

The Energy Department’s statistical arm reported Monday that the average household spent $2,912 for gasoline in 2012, which makes up almost 4 percent of pre-tax income, tying 2008 for the highest percentage in roughly 30 years.

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