Energy Price Fiasco Causes Multiple Problems for Americans

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According to statistics from the U.S. Energy Information Agency, individual vehicles in the United States are driven 12,578 miles annually. Consumers are spending more than $2,500 annually on gasoline for each vehicle, compared with $1,320 two years ago.

The extra $3.23 a day we are paying to fuel the family car today vs. in 2006 was the topic of great debate when, over two days at the end of the week, the price of crude oil rose more than $16 a barrel.

Accounting for a second car, which the average family reportedly now owns, that has doubled the typical annual gasoline budget drag just over the last two years.

There might not be much worry if the rising …