What’s Your Monthly Gasoline Bill?

Mike Brownfield / May 06, 2011

If you’re an average American, your monthly gasoline bill is a humongous $368.09. That comes to nine percent of a household’s total income, more than double what it was just two years ago, according to a CNNMoney report. And as a percentage of income, the poor are getting hit the hardest.

In parts of the country where mass transit isn’t an option, driving is the only way to go. So while higher gasoline prices might not matter as much to someone living in New York City where subways are king, that’s not true in states like Mississippi, where you need a car to get around.  CNNMoney explains:

While gas in the state is relatively cheap, Mississippians have some of the lowest incomes in the nation, with the median household earning $36,646 a year. (more…)