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Rising Gas Prices Impact Consumers' Pocketbooks

Mike Allen, SAN DIEGO BUSINESS JOURNAL

Monday, March 19, 2012

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Given that increase, NUSIPR said the average local household will spend 6.2 percent of its annual income on gasoline and motor oil costs instead of the 5.3 percent of income spent on the commodity last year.
The report noted that in the last two and a half months, the average price for a gallon of gas rose 25 percent, or 87 cents, from $3.50 on Dec. 21 to $4.37 on March 12.