Friday, April 2, 2010

Who Spends the Most on Gas? Breakdown shows some consumers spending up to 11% of their income

NEW YORK -- Everyone grumbles when prices at the pump rise, but some drivers pay more depending on where they live. A new study shows how gas-price spikes hurt the wallets of drivers in some states more than in others.

On average, Mississippi drivers spent more than 6% of their annual income on gas in 2009, compared to drivers in Connecticut and New York who spent just 2.5% of their income on gas, according to the Natural Resources Defense Council (NRDC) study, as reported by LiveScience.com. But a price spike similar to the one in July 2008 would have worsened the imbalance: Mississippi drivers would have seen driving costs shoot up to 11% vs. 4.3% for Connecticut and New York.

From CSP: FULL STORY

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