Over the last couple of years, many of us have had to spend more and more of our hard earned money in order to fill up our car’s gas tank. Even if we were smart enough to have purchased a fuel efficient vehicle, we’re still going to feel a pinch at the pump.
So, how much do you actually spend on fuel each month? If you’re like a majority of the respondents of a recent GasBuddy.com poll, you spend at least $101 each month in order to fill up your car. For most of us, that doesn’t seem like a whole heck of a lot, but for people who are just making it by, that’s a whole lot of money.
I’m not here for a political commentary, I’m just saying…
Regardless, here’s the monthly cost breakdown from GasBuddy’s poll:
- 6% of respondents spend less than $50
- 20% of respondents spend between $51 and $100
- 33% of respondents spend between $101 and $200
- 21% of respondents spend between $201 and $300
- 11% of respondents spend between $301 and $400
- 9% of respondents spend more than $400
It really blows my mind that 20% of people spend over $300 a month to fill up their cars. I don’t care who you are, what kind of job you have, whatever, $3,600 is a lot of money to blow on gas each year.
Unfortunately, it appears that things will only get worse in the future (here comes the political commentary) as we haven’t built a new refinery in this country in the last 30 years. Considering demand is going going to increase while supply will more than likely remain stagnant, it looks like we’ve got a pretty good chance of seeing continued increases in gasoline prices.