average amount spent on gas per month
You're probably spending more on gas each month than you realize. A recent study the Oil Price Information Service did for CNNMoney found that the average American household spent $368.09 on gas in April. That’s college textbooks for one semester, two weeks of groceries or two 16 GB iPod Nanos.
At a cost of $7,677, transportation is the 2nd largest category for the average family budget. While spending on gas each month tends to be painful, it is not actually the largest cost of owning a vehicle. According to the BLS, the average family spends $2,715 on gasoline. That’s about one third of the overall budget.