Rising Gas Prices
Rising gas prices; This is a subject we all know something about these days. How does this effect the avrege house hold? This is the question that this paper will atempt to address. In order to do so I came up with a formula to show how the price has changed in comperison to the change in household income over the same peroid. First I take the arverge income each year over the last twenty years. Then the averege fuel prices over the same time. Finely the avrege fuel consumption by a household. This last one takes into account beter fuel milege of the vehicls and any incress or decress in the miles driven by a household.
The US Census Bureau uses “U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement” (US Censes) to trake income. Acording to this, the avrege household income in 1988 was 34,500. The income of the avrge household has incressed over time at slitly more then the rate of inflation. By 2006 the Avrege income had risen to $44,400. Income......
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Approximate Word Count: 792
Approximate Pages: 4 (250 words per double-spaced page)
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