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.

85 Years of Inflation Adjusted Gasoline


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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Wednesday, August 17, 2005 | 05:15 AM | Permalink | Comments (5) | TrackBack (2) add to | digg digg this! | technorati add to technorati | email email this post



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» July Inflation Jumps on Higher Gas Prices from 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

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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


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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