Here’s Where Gas Prices Are Eating Into Residents’ Incomes The Most

Gas prices The highest relative to local incomes is in Nevada According to an, other states are located in the west part of the country. analysis HiRoad.

The insurance company compared GasBuddy’s localized fuel prices data with the Bureau of Labor Statistics’ average hourly salary data to find out where Americans are spending their most of their earnings to fill up their vehicles. One gallon of gas in Nevada will cost 29.6% of the typical worker’s salary for one hour, according to the analysis. Residents of neighboring Idaho are spending 27.3% of an hour’s salary on each gallon of gas.

“In Nevada, drivers can also expect to spend more annually on gas than drivers in Idaho, despite the fact that Idahoans are expected to have a higher local driving distance per year, on average,” The company stated. “Nevadans find themselves again on the wrong end of the gas affordability spectrum.”

California, Indiana, Hawaii and Arizona have high gas prices relative their wages. Massachusetts and North Dakota are the states with lowest gas prices relative to their wages. Relative gas prices rose by more than 4 percent in Washington, Oregon, Indiana and Alaska between 2021-2022.

Western states also have the highest overall fuel consumption. Wyoming has an average Wyoming driver who consumes approximately 1.2 gallons of fuel per day. “sparsely populated, largely rural state with fewer remote jobs than elsewhere in the country,” The analysis shows that Americans will average $2,233 per year on gasoline. Indiana had the highest increase in total annual fuel expenditures. It spent $363 more between 2021-22.

Local data that is more detailed shows that California cities expend the most of their hourly earnings to fuel. This is followed closely by western states like Idaho and Colorado.

“Perhaps unsurprisingly, California has the most metro areas where drivers can expect to spend the biggest chunk of their average hourly salary on a gallon of gas,” The analysis concluded. “In fact, four of the top five spots are taken by Californian metro areas.”

The national average gas price is currently $3.52/gallon according to data According to the Energy Information Administration, this reflects a rapid rise from $3.33 per gal earlier in the month and $3.42 last year. The national average gallon price is currently 48% more than it was at the beginning of the Biden administration. Karine Jean-Pierre (White House Press Secretary) is nevertheless in charge. claimed Monday “House Republicans are using their narrow majority to force the American people to pay higher gas prices, just as big oil companies are amassing record profits.”

President Joe Biden nixed His office has made expansions to Keystone XL Pipeline since his arrival and has leased more federal land for oil drilling than any other predecessors in the past decade. White House officials claimed The commander-in-chief’s policies are still responsible for recent drops in gas prices that have been compared to their record highs this summer. “Every month, the typical two-driver family saves about $120 at the pump compared to where we were in mid-June,” Jean-Pierre spoke in October.