Monday, June 9, 2008

Rural US Getting Slammed By $4 Gas

Suburban commuters may not enjoy paying an average of $4 a gallon for gas, but the rural US, where income levels are low and dependence on large vehicles is high, is getting hit the hardest says the New York Times.

The paper put together a gas impact heat map that shows the percentage of income that's being spent on gasoline. Some regions with "higher" gas prices still only spend 2% of their median income on gas, while the percentage is as high as 16% in Wilcox County, Alabama. It looks like in Eastern KY where I live, we are having a pretty tough time.

See the Map at The Consumerist

Also - Top analyst sees $200 oil, $5.75 gas at WorldNetDaily

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