Sunday, January 9, 2011
Obviously the most direct way it would affect people is when they put gas into their car. So, let's break down how much more $$ a person would be spending on gasoline in a 12 month period if the price was $4/gal v $3 dollars. For this example, a person completely fills his/her tank (16 gallons) just one time a week (52 fill ups) in a calendar year...
$3/gal x 16 gal = $48 per fill-up x 52 weeks = $2,496
$4/gal x 16 gal = $64 per fill-up x 52 weeks = $3,328
$1 more in gas per gal for 12 months means extra $832 spent per driver
150million US motorists x $832 ea = $124.8 Billion more dollars to oil companies
Posted by Susquehanna at Sunday, January 09, 2011