Friday, April 6, 2012

Arizonans Spent 9 Percent of their Income on Fuel in March

Fuel prices appear to be reaching a plateau, but motorists across the country are still facing pump prices near $4. AAA Arizona says the Arizona statewide average dropped nearly a penny this week to $3.89 a gallon. The national average increased 1.5 cents to nearly $3.94 gallon. Here in Globe-Miami, gas prices are around $3.90.

The Oil Price Information Service says the percentage of income that the average Arizona household spends on gasoline jumped to 9% in March. This is the fifth most expensive month since they began tracking the data in 2000. The last time fuel spending totaled 9% in Arizona was in May of 2008, the same year Arizona hit an all time fuel price high.

No comments:

Post a Comment