Editor
A woman rides an electric bike past a gas station as current gasoline prices continues to climb close to record setting territory in Encinitas, California, May 9, 2022.
Mike Blake | Reuters
U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research.
In March, the annual rate of gasoline spending was at $3,800, Yardeni noted. During the week of May 16, the national retail…
