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U.S. household spending for gasoline is expected to remain below $2,000 in 2017

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U.S. Energy Information Administration --------- The average U.S. household expenditure on gasoline in 2017 is expected to total $1,977, or approximately 2.4% of mean incomes of households, according to projections in EIA’s most recent Short-Term Energy Outlook (STEO). The most recent peak for household gasoline expenditures was $2,715, or 4.0% of household income, in 2008. More recently, average household gasoline expenditures in 2015 and 2016 were near or below $2,000, or 2.5% of total household income. Household gasoline expenditures have fluctuated over the past 10 years as a result of changes in gasoline prices and consumption. When gasoline prices are relatively high, more of a household’s income is devoted to gasoline expenditures, leading to lower gasoline consumption and efforts to improve vehicle fuel economy. To learn more click on the picture below to read the article.

U.S. household spending for gasoline is expected to remain below $2,000 in 2017 - Read More from EIA

 
 
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