Chart of the Week: Inflation Adjusted Gasoline

Wednesday, August 17, 2005 | 05:15 AM

Over the past century, as the industry became ever more adept and efficient at finding, pumping and refining oil, Real Gas prices did not keep up with inflation.
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85 Years of Inflation Adjusted Gasoline

Real_gas_graphic_nyt

Graphic courtesy of the NYT

This long downtrend shows a minor spike in the 1930s, which eventually reverted back to trend. There was a major spike in the 1970's; It subsequently collapsed in price some 50%, from $3 / gal to $1.50, over the 1980 to '84 timeframe. It would not be outrageous to call that price action - particularly the 1970s - bubble-like.

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Quote of the Day:

"Winning can be defined as the science of being totally prepared."
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Wednesday, August 17, 2005 | 05:15 AM | Permalink | Comments (5) | TrackBack (2)
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Listed below are links to weblogs that reference Chart of the Week: Inflation Adjusted Gasoline:

» July Inflation Jumps on Higher Gas Prices from Unpartisan.com Political News and Blog Aggregator
Consumer prices shot up in July, reflecting sharply higher prices for gasoline and other energy prod [Read More]

Tracked on Aug 17, 2005 7:22:41 AM

» CHART OF THE WEEK from MaxSpeak, You Listen!
Things that make you say "Hmmm" Department is unearthed by Barry Ritholtz at The Big Picture.... [Read More]

Tracked on Aug 17, 2005 12:09:42 PM

Comments

Just wondering-

On average are we using more gas per capita due to longer commutes, etc? How does the average weekly expenditure on gasoline (inflation adjusted) chart out?

Posted by: Welby | Aug 17, 2005 1:05:42 PM

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