Price of Gas 2008 (Picture)

How much worse can it get?

Let's see. About five years ago gas was about $1.30 a gallon. Five years later, today, I paid $4 bucks a gallon. If you are driving 15,000 miles a year on average and your car gets 25 miles a gallon on average, you're buying 600 gallons of gas a year. In May 2003 that would have cost you $780 dollars a year. Today it would cost you $2,400 a year. 

You're spending an extra $1600 dollars a year. Interestingly, that's pretty close to the redistribution of wealth the government has directed to an average family of four.

I wouldn't be buying that flat screen just yet. I'm coming to join you Elizabeth.