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Report: Average Household Gas Costs Reached $2600 in 2013

Motor Trend logo Motor Trend 10/4/2014 Kelly Pleskot

We all know that we've been paying more and more at the pump over the last few years. But exactly how much more?

Research

New data from the Bureau of Labor and Statistics reveals that the average American household spent $2600 on gas in 2013. While this amount may be in line with what consumers were paying in 2011 and 2012, it represents a 111 percent increase from 2002. And if you average out rising costs per year over the last decade, gas spending has increased 8 percent annually.

The problem seems to be centered on global oil price increases, not an increase in consumption. In 2002, a barrel of gas cost $24.96, a number that quickly jumped to $96.85 by 2008. Meanwhile, miles driven per household remained stable over this time. By 2013, prices per barrel skyrocketed again to $108.

young-woman-filling-up-at-the-gas-station© Provided by MotorTrend young-woman-filling-up-at-the-gas-station

Drivers that have been hit the hardest by the price spikes are low income consumers, who pay as much as 13 percent of their income on gas. The most affluent consumers, in contrast, pay just 2.5 percent.

The amount drivers pay also varies widely based on what state they live in. In Hawaii, the annual average was $882, but in North Dakota, costs averaged a whopping $3916. Incidentally, overall share of consumer gas expenditures tends to be highest in the rural Midwest and lowest in highly populated states, according to the report.

Click here for the full report.

Source: Securing America's Future Energy

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