On Sunday, the average price for a gallon of unleaded gasoline in the Milwaukee area hit $4.07. When President Obama took office, it was $1.89. Higher energy costs are a burden on American families and threatening our economic recovery.
In 2011, the average household spent an estimated $4,155 at the pump. In total that represents 8.4 percent of what the median family makes annually, money that could be spent elsewhere when times are tough.
Surging gas prices hit Americans not only the pump, but also at the grocery store. As gas prices increase transportation costs, small businesses and large distributors alike will shift that price burden to the consumers.