Round-trip airfare from New York to Los Angeles. More than a dozen dinners for two at Applebee’s. Two 16 GB iPod nanos.
These are just a few of the things you could have bought if you weren’t spending $368.09 a month on gasoline.
That’s the average amount American households spent on gas in April, according to an exclusive analysis of data by the Oil Price Information Service for CNNMoney.
The study, which compared average gas prices with median incomes nationwide, also showed that U.S. households spent nearly 9% of their total income on gas last month.
That’s more than double what the average American family spent just two years ago, when gas prices were hovering around $2.05 a gallon.