7 On Your Side

Gas prices gobble up 9 percent of income

Thursday, May 05, 2011

We all feel the pinch of high gasoline prices, but exactly how big is that toll? A new study says on average, gas is gobbling up 9 percent of our incomes.

That's nearly double the bite it took from our paychecks last year. Americans spent an average of $368 per household for gasoline during the month of April.

On average, we'll pump $4,300 worth of gasoline per household this year-- a record high.

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gas prices, 7 on your side, michael finney
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