Family spending on gasoline hits all-time high The average U.S. household spent more than $2,600 on gas last year for a third consecutive year — an all-time high and a 111% increase compared with the amount spend a decade earlier, an advocacy group says. The increase was due to the high price of oil, says the group, Securing America’s Future Energy, which aims to reduce America’s oil dependency, based on data from the Bureau of Labor Statistics’ Consumer Expenditure Survey. “Closely correlating with global crude oil prices, not domestic crude streams, increased U.S. gasoline spending proves a result of stubbornly high global oil prices and American consumers’ near-complete reliance on oil as a transportation fuel,” SAFE said in a statement. The cost spike has occurred despite those households’ non-gas discretionary spending increasing by only 1% each year. According to SAFE, a major contributor to that disparity is the continued […]