American media continues to complain and whine about high fuel prices. Looking at the chart below shows just how cheap gasoline is in the United States. I've been paying over $8 a gallon here in Central Europe for the past decade. Of course, money can be saved by people living closer to their employment and venturing out into public transportation.
The fact is that American percentage of income spent on fuel has increased in the past year, but it is likely that this will be an ongoing phenomena.
Graphs excerpted from The Economist linked here.
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