Will skyrocketing energy costs implode recovery? Americans Haven’t Spent This Much On Gas In 3 years

Americans Haven’t Spent This Much Of Their Paycheck On Gas In 30 Years

4% Paid over $4.00 a gallon this weekend.  This high this early in the year brings the gas price back on the macro radar screen.

The EIA notes,

Gasoline expenditures in 2012 for the average U.S. household reached $2,912, or just under 4% of income before taxes, according to EIA estimates.  This was the highest estimated percentage of household income spent on [...]

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http://investmentwatchblog.com/are-we-days-away-from-a-financial-collapse-americans-havent-spent-this-much-on-gas-in-nearly-three-decades-with-the-exception-of-2008-investors-are-finally-dropping-their-fear-and-went-all-in-on/