U.S. Consumer Spending On Gasoline Has Doubled In 12 Months ...Middle East

The average U.S. household’s gasoline expenditure has jumped to $5,000 a year over the past 12 months, from $2,800 this time last year, according to new research. And there does not seem to be a sign of relief in sight. Yardeni Research reported the figures, as cited by CNBC, adding that since March this year alone, annual spending on gasoline by households had risen by more than $1,000—in March the figure stood at $3,800. Meanwhile, prices are still rising, breaking record after record. Earlier this week, the national average hit an…

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