I commute 31 miles each way to my job. I get 28 mpg. Gas prices are just over $4 per gallon. Last May, I spent $182 on gas (according to Quicken). This May, I spent $278. That's a 52% increase in a year's time. Admittedly, gas prices are only up around 25-30% per gallon. However, we're talking about MY spending here. (grin) Besides, even at 25-30% per gallon, that's a huge impact.
It's no wonder that the cost of everything, especially food, is up. Most of our goods get to the stores we shop in by traveling hundreds of miles in fossil fuel-burning vehicles.
Since I got a standard (just under) 4% pay raise in January, I'm feeling the pinch. However, I'm not feeling it as much as those who make a lot less than I do are feeling it.
My current prediction is that gas prices will reach $5.20/gallon by Labor Day.
My next prediction is that masses of people will not be able to feed their children by October. If the administration doesn't offer a solution soon, the crash of 1929 and the resulting Depression will seem like a Disneyland fairy tale by comparison.