When President Obama took office the price of gas was $1.86 a gallon. Today it averages about $3.50. If you are “lucky” enough to live in California it is over $4.00 a gallon. Gas goes up and down but why? And more importantly what does it mean to the economy and your family?
A few simple math equations to make the point:
To fill a 20 gallon tank:
At $1.86 it costs $37.20
At $3.50 it costs $70.00
The difference of $32.80 every time you fill up your tank.
Now let’s say you have to fill up once a week. The average commuter may have to do it more and depending on the car you drive it may vary as well.
At $1.86 the cost per year is $1934.40 a year to keep your gas tank full once a week.
At $3.50 the cost per year $3640.00 a year to keep your gas tank full once a week.
A difference of $1705.60 a year for a once a week fill up for one car.Details