Americans Working Harder to Fill Gas Tanks
Written by wendycorr on August 31, 2018
This weekend is Labor Day, and in keeping with that theme, GasBuddy has calculated how many hours that the average American needs to work to earn enough money to fill a tank of gasoline.
The organization has determined that an average American would need to work an hour and 48 minutes to fill a tank of gas, with the prices that we are currently seeing at the pumps.
On average, motorists have shelled out more than $1.11 billion per day on gasoline purchases this season, that’s up from a decade low of $912 million per day just two years ago. This summer’s total fuel bill, while the highest since 2015, will still be the third lowest since 2011.
While gas prices have remained high, there has been remarkably little movement in gas prices throughout the summer, with a difference of just 13 cents between the national average’s summer low and high. It represents the smallest difference between low and high since 2010.
But Patrick DeHaan, head of petroleum analysis at GasBuddy, says next year may bring higher Labor Day gas prices, so what we’re upset about this year could bring nostalgic memories next year.