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Gallup: Family of four needs an average $58,000 a year
NEW YORK, Dec. 20 (UPI) -- The average U.S. household is expected to spend a record 8.4 percent of its income on income on gasoline in 2011, the Oil Price Information Service said.
Although the price of crude oil spiked at a record $147 per barrel in July 2008, the price fell sharply to less than $40 per barrel by the end of the year.
In comparison, the price of crude in 2011 has not peaked as high as 2008, but the price has remained high all year.
On average the price of gasoline for 2011 has been $3.52 per gallon.
That means consumers will spend a record $481 billion on gasoline this year -- an average $4,155 per household.
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HOUSTON, May 21 (UPI) --
A 95-mile pipeline extension from western Oklahoma and the Texas panhandle will carry as much as 75,000 barrels of oil per day, a pipeline company said.
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RIO DE JANEIRO, May 20 (UPI) --
Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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