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· Absolute Shockers · ECONOMY

$2,900: Average Household Expenditure on Gasoline in 2011

We spotted this today:

"Oil market speculation will cost U.S. households more than ever in 2011, a consumer group predicts, and the drain on household incomes will increase unless government rules to curb it are imposed.

"Speculation will add $600 to the average household expenditures on gasoline in 2011," a report released Thursday by the Consumer Federation of America said, "resulting in the highest level of spending ever of almost $2,900."

Statistics Source: CNN Money

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