Gasoline expenditures… NY Times

From the NY Times, on gasoline prices… There is more here…

“Americans consume roughly 400 million gallons of gasoline a day, so the 60-cent increase over the last year means roughly $240 million less every day in consumer pockets. It is particularly burdensome for working-class Americans or those in rural areas who drive older, less fuel-efficient cars and spend a higher percentage of their income on fuel.
Gasoline prices vary greatly by state, in part because of differences in taxes and fuel regulations. Californians paid an average of $3.73 a gallon on Friday, for instance, while Texans paid an average of $2.76.
Prices are still well below what they were a decade ago, when the national average topped $4 a gallon and oil prices topped $100 a barrel. The American benchmark price is now about $68 a barrel.”

Gasoline futures collapsed on Friday… Here is barchart..com: