Oil burden

Oil burden is a term that describes the amount of money people need to spend on oil and gasoline. People usually need to buy oil or gasoline to power their cars, trucks, and other vehicles. Oil burden is usually calculated as a percentage of total income. That means that if your total income is $1,000 and you spend $200 on oil and gasoline, your oil burden would be 20%. This means that 20% of your money is going towards oil and gasoline.