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Gas tanks are draining family budgets
AP ^
| May 27, 2011
| Jonathan Fahey
Posted on 05/27/2011 6:32:09 PM PDT by george76
As summer driving season begins, squeezing the gas pump means squeezing the family budget .
Households spent an average of $369 on gas last month. In April 2009, they spent just $201. Families now spend more filling up than they spend on cars, clothes or recreation. Last year, they spent less on gasoline than each of those things.
...
The ramifications are far-reaching for an economy still struggling to gain momentum two years into a recovery. Economists say the gas squeeze makes people feel poorer than they actually are.
They're showing it by limiting spending far beyond the gas station. Wal-Mart recently blamed high gas prices for an eighth straight quarter of lower sales in the U.S. Target said gas prices were hurting sales of clothes.
...
"Think about it," he said. "If you've got a car with a 30-gallon tank and gas is $4 a gallon and you fill it up, you're out $120."
He says high gas prices will keep him home this weekend. And he runs a gas station for a living. As he greeted a steady stream of customers at his station, he laughed and said, "I have to pay for gas just like everyone else."
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: democrats; drillheredrillnow; energy; energypolicy; gas; gasprices; hopeychangey; liberlafascism; obama; obamanomics; oil; peak; shtf; taxes; teotwawki
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1
posted on
05/27/2011 6:32:10 PM PDT
by
george76
To: george76
Democrats are draining budgets!
2
posted on
05/27/2011 6:33:10 PM PDT
by
Cheetahcat
( November 4 2008 ,A date which will live in Infamy.)
To: george76
I noticed this week that the birds have built a nest in the grill of my only vehicle.
My friends say I should get out more often.
3
posted on
05/27/2011 6:35:33 PM PDT
by
blam
To: george76
Households spent an average of $369 on gas last month. In April 2009, they spent just $201. The drug-addled communist promised us "hope" and "change". All we can do is hope that Sarah takes office in time to change the United States back into a productive country with an economy that meets our energy needs.
4
posted on
05/27/2011 6:36:46 PM PDT
by
Pollster1
(Natural born citizen of the USA, with the birth certificate to prove it)
To: blam
Just keep the stinging insects out. Having hornets behind the gas fill door iz not recommended.
5
posted on
05/27/2011 6:37:12 PM PDT
by
Paladin2
To: george76
Economists say the gas squeeze makes people feel poorer than they actually are. What the hell is that supposed to mean?
To: george76
Wait...you mean during the recovery summer? Oh yeah, that was last summer...
7
posted on
05/27/2011 6:39:44 PM PDT
by
perfect_rovian_storm
(The worst is behind us. Unfortunately it is really well endowed.)
To: george76
8
posted on
05/27/2011 6:39:46 PM PDT
by
TruthHound
("He who does not punish evil commands it to be done." --Leonardo da Vinci)
To: george76
9
posted on
05/27/2011 6:40:08 PM PDT
by
4Liberty
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
To: Pollster1
10
posted on
05/27/2011 6:41:41 PM PDT
by
4Liberty
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
To: Virginia Ridgerunner
It means that economists are morons. Shh...don’t tell anyone.
11
posted on
05/27/2011 6:42:34 PM PDT
by
perfect_rovian_storm
(The worst is behind us. Unfortunately it is really well endowed.)
To: Virginia Ridgerunner
It means that economists are morons. Shh...don’t tell anyone.
12
posted on
05/27/2011 6:42:45 PM PDT
by
perfect_rovian_storm
(The worst is behind us. Unfortunately it is really well endowed.)
To: TruthHound
13
posted on
05/27/2011 6:42:45 PM PDT
by
4Liberty
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
To: george76
I went grocery shopping today and spent $107, got nothing fancy. I filled up my tank for $83. The libs are killing us.
To: Virginia Ridgerunner; perfect_rovian_storm
They ARE poorer: Less purchasing power with higher prices!
(I have a PhD in Econ; the economists who imply they AREN’T poorer are idiots)
15
posted on
05/27/2011 6:45:44 PM PDT
by
4Liberty
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
To: 4Liberty
I’ll go with a $1.49, Alex.
16
posted on
05/27/2011 6:46:14 PM PDT
by
Paladin2
To: george76
I was thinking as I drove home tonight that I believe I'm spending $400/mo on gas for my Tahoe.
Yes, this is a great stat for a campaign ad.
17
posted on
05/27/2011 6:49:21 PM PDT
by
Mariner
(War Criminal #18)
To: Cheetahcat
Dimocrats do not know what a budget is. They simply spend. To heck with a budget. Just spend, spend, spend and spend some more.
18
posted on
05/27/2011 6:51:40 PM PDT
by
RetiredArmy
(1 Cor. 15: 1-4; Paul's gospel of grace spelled out for all the lost. This is the way to Heaven.)
To: Virginia Ridgerunner
People only FEEL poor when they have less money. I don’t know.
19
posted on
05/27/2011 6:55:14 PM PDT
by
eyedigress
((Old storm chaser from the west)?)
To: Mariner
I'm collecting Suburbans for my old age.
40 gal tank x $4/gal separates the men from the boyz.
My favorite dogs like to ride in style. ;-)
20
posted on
05/27/2011 6:55:40 PM PDT
by
Paladin2
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