Miss. hit hardest by rising gasoline prices

March 9, 2011

Energy

Mississippians spend 13.2% of their income on gas, while New Yorkers spend less than 5%.

Mississippians spend 13.2% of their income on gas, while New Yorkers spend less than 5%.

Nationwide, Mississippians are hit hardest by rising gasoline prices, says CNN Money.

Sure, Californians pay some of the highest gas prices in the nation at $3.92 per gallon. But for economic reasons, the Magnolia State has it much worse, even with prices at $3.42.

Families in Mississippi are the lowest paid in the country, and yet they spend the highest portion of their income on gas, according to new data from the Oil Price Information Service.

That’s not uncommon in the state. Mississippi families earn a median household income of about $37,000 — the lowest in the country — but spend a whopping $402 per month, or 13.2% on gas.

In contrast, Californians earn a median of $59,000 per household, and spend about $380, or 7.8% of their income on gas each month.

Rural populations are hypersensitive to rising gas prices, Hill said, not only because they usually have lower incomes, but because they drive longer distances to work, school and shopping.

Read the rest of the story here.

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