Press release: “As Memorial Day weekend approaches and the average gas prices hit record highs of $3.22 a gallon, U.S. Senator Charles E. Schumer (D-NY), Chairman of the Joint Economic Committee, released a report today revealing that the average American family will spend approximately $3,180 on gas this year alone. The report entitled Money in the Bank, Not in the Tank, shows that the average American family could save about 22 percent of their current expenditures on fuel by increasing their average fuel efficiency to 35 miles per gallon.”
Related government documents: