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Friday, February 22, 2013

Economic Education

A few things about gasoline

Prices hiked for 36 days in a row

National average now at $3.78/gallon

US Oil Consumption
18.6 million barrels/day
Same as in 1996
Even though population is higher and there are more vehicles on the road

20 states have an average above the national average

CA/HI/NY have prices above $4.00/gallon
HI= $4.35
CA=$4.22
NY=$4.01
DC=$4.00
CT=$3.99

Household income
8% of vehicle gasoline

Each rise of 1 cents in gas = $1 BILLION/year

Price rise since Obama in office
UP 105%
$1.84/ gall= 20JAN2009
$3.78/gall= NOW

Wow ... What an eye opener!

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