Edmunds.Com: 18% of New Vehicles Cost over \$100 to Fill at Pump

Less than one year ago the national average price for regular gasoline was \$2.96 per gallon, and many consumers simply wrote off monthly fuels costs as a mere annoyance. Those days are over, according to a study released today by Edmunds.com.

Edmunds.com data shows that with gas prices at \$4.06 per gallon there are 60 vehicles in the new-vehicle market that cost consumers more than \$100 to fill.

In a separate analysis, Edmunds.com has also calculated that the median household is spending 11.5 percent of its income on gasoline expenses, up from 4.6 percent five years ago.

A look at historical household incomes and fuel prices reveals the degree to which fuel prices are affecting consumers' budgets:

 Date Price of GasPer Gallon1 Median YearlyHousehold Income2 Percent of IncomeSpent on Fuel3 Jul-91 \$1.09 \$30,126 4.9% Jul-95 \$1.14 \$34,076 4.6% Jul-99 \$1.19 \$40,696 4.0% Jul-03 \$1.51 \$43,318 4.8% Jul-07 \$2.96 \$48,201 8.4% Jul-08 \$4.06 \$48,201 11.5%

2 US Census Bureau data. Last reported year is 2006; 2007 and 2008 income figures are assumed the same as 2006

3 Assumes 30,000 miles driven per household per year and 22 miles-per-gallon average fuel economy

As shown by Edmunds.com data below, the number of models on the market that cost over \$100 to fill is on the rise.

 Price of GasPer Gallon Number of Models CostingOver \$100 to Fill1 Percent of ModelsCosting Over \$100 to Fill \$3.00 20 6.0% \$4.06 60 18.0% \$5.00 149 44.6% \$6.00 243 72.8%

1 Assumes models are purchased with largest tank available

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