Tag: 上海夜网ZI

  • Gas tanks are draining family budgets

    first_imgNEW YORK (AP) — There’s less money this summer for hotel rooms, surfboards and bathing suits. It’s all going into the gas tank.High prices at the pump are putting a squeeze on the family budget as the traditional summer driving season begins. For every $10 the typical household earns before taxes, almost a full dollar now goes toward gas, a 40 percent bigger bite than normal.Households spent an average of $369 on gas last month. In April 2009, they spent just $201. Families now spend more filling up than they spend on cars, clothes or recreation. Last year, they spent less on gasoline than each of those things.Jeffrey Wayman of Cape Charles, Va., spent Friday riding his motorcycle to North Carolina’s Outer Banks, a day trip with his wife. They decided to eat snacks in a gas station parking lot rather than buy lunch because rising fuel prices have eaten so much into their budget over the past year that they can’t ride as frequently as they would like.“We used to do it a lot more, but not as much now,” he said. “You have to cut back when you have a $480 gas bill a month.”last_img read more

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