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Gas prices take bigger bite of Americans' income [Highest in THREE DECADES!]
CNN ^ | 2/4/13 | Emily Jane Fox

Posted on 02/05/2013 6:27:18 AM PST by SoFloFreeper

Americans are pumping about 4% of their incomes into buying gasoline, according to a government report.

The Energy Department said on Monday that U.S. households spent an average of $2,912 on gasoline last year, the highest level in four years.

The percentage reached similar levels in 2008, when a red-hot global economy and panic over dwindling supplies sent gas prices through the roof. But before then, the percentage hadn't reached these levels in nearly three decades.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Extended News; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: bias; democrats; drillheredrillnow; energy; gas; gasoline; gasprices; obama
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To: SoFloFreeper

‘During the entire year of 2012, the Obama buttlickers in the media (and their numbers are LEGION) NEVER FOCUSED ON GAS PRICES. ‘

I thought you knew that a strong economy will result in gas prices going up?

All those people carrying their possessions in the street are just moving to their new mansions that they were able to buy with all of the money that Obama care has provided them.

Come on, get with the program comrade.


41 posted on 02/05/2013 4:04:58 PM PST by Delta Dawn (at)
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To: Venturer

Because they never look past the moment after next, and right now, dear leader’s bribing them enough to make them content day by day.


42 posted on 02/06/2013 5:13:18 AM PST by RWB Patriot ("My ability is a value that must be purchased and I don't recognize anyone's need as a claim on me.")
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To: SoFloFreeper
The obama buttlickers never focused on gas prices becaues except for union members and teachers,no other obama voter had or needed to pay for their gasoline out of their pocket. The members of the media, the wall street fatcats,and Hollywood had their gasoling paid by expense accounts of one kind or another.

I , personally do not like the high gas prices. The hit me very hard. But since November 6, 2012 that is water under the bridge. Choices were made, votes were cast. I came out on the short end. Let them enjoy their high gas prices. Let them enjoy their high food prices.

43 posted on 02/06/2013 5:26:57 AM PST by sport
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To: SoFloFreeper

More Half Truths from a so-called economics publication. Listen very carefully, The Prices of Commodities HAVE NOT GONE UP AT ALL, NOT ONE CENT!!
The government using the Federal Reserve Cabal of Banksters HAVE STOLEN THE VALUE OF YOUR PROPERTY (MONEY) thru DIRECT COUNTERFEITING. They call it Bailouts, Quantitative easing, Inflation, investments, stimulus..... It all means one thing and only one thing PRINT MORE MONEY AND DILUTE THE VALUE OF ALL EXISTING MONEY.
For those of that you that can COUNT, no explanation is necessary
For those of that cannot COUNT, no explanation is Possible.


44 posted on 02/06/2013 5:50:46 AM PST by eyeamok
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