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Edmunds.Com: 18% of New Vehicles Cost over $100 to Fill at Pump

The portion of household income spent on gasoline has doubled in the last five years.

by Staff
August 7, 2008
2 min to read


Less than one year ago the national average price for regular gasoline was $2.96 per gallon, and many consumers simply wrote off monthly fuels costs as a mere annoyance. Those days are over, according to a study released today by Edmunds.com.

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Edmunds.com data shows that with gas prices at $4.06 per gallon there are 60 vehicles in the new-vehicle market that cost consumers more than $100 to fill.

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In a separate analysis, Edmunds.com has also calculated that the median household is spending 11.5 percent of its income on gasoline expenses, up from 4.6 percent five years ago.

A look at historical household incomes and fuel prices reveals the degree to which fuel prices are affecting consumers' budgets:


Date


Price of Gas
Per Gallon1


Median Yearly
Household Income2


Percent of Income
Spent on Fuel3

Jul-91


$1.09


$30,126


4.9%

Jul-95


$1.14


$34,076


4.6%

Jul-99


$1.19


$40,696


4.0%

Jul-03


$1.51


$43,318


4.8%

Jul-07


$2.96


$48,201


8.4%

Jul-08


$4.06


$48,201


11.5%

1 Energy Information Administration data

2 US Census Bureau data. Last reported year is 2006; 2007 and 2008 income figures are assumed the same as 2006

3 Assumes 30,000 miles driven per household per year and 22 miles-per-gallon average fuel economy

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As shown by Edmunds.com data below, the number of models on the market that cost over $100 to fill is on the rise.


Price of Gas
Per Gallon


Number of Models Costing
Over $100 to Fill1


Percent of Models
Costing Over $100 to Fill

$3.00


20


6.0%

$4.06


60


18.0%

$5.00


149


44.6%

$6.00


243


72.8%

1 Assumes models are purchased with largest tank available

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