National Gasoline Prices

May 25, 2007 10:07am by Barry Ritholtz

Memorial Day weekend is the start of the summer driving season, so what better time for a few charts on gasoline prices?

Besides, I’m a sucker for this sort of info-porn:

click for interactive charts

charts and graphics courtesy of the NYT

The official data is found at Energy Information Adminsitration

Their chart gets updated weekly:

See also:

Gasoline’s making consumers fume
But don’t just blame Big Oil — there’s more to it
MarketWatch, 12:04 PM ET May 24, 2007

Why OPEC Idles As Gas Prices Reach New Highs
Cartel Blames Refiners, Cites Flush Oil Supplies;
Tug of War Over Profits
BHUSHAN BAHREE and ANA CAMPOY
WSJ May 25, 2007; Page A1

Oil Industry Says Biofuel Push May Hurt at Pump
JAD MOUAWAD
NYT, May 24, 2007

Costs May Make Weekend One To Remember

High gasoline prices and plans for road trips could make this the most expensive Memorial Day on record.
SCOTT PATTERSON
WSJ, May 25, 2007; Page C1

Stations Boycott Their Own Gas Over Prices
Three Wisconsin Stations Refuse To Pump Because Of Rising Gasoline Costs
CBS News May 25, 2007 7:59am

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jmf commented on May 25

here are some gasoline cartoons….

http://tinyurl.com/2u3m9x
VJ commented on May 25

The problem with the “inflation-adjusted price” of gasoline is that American worker’s inflation-adjusted wages went backwards by about 20% during the 12 years of Reagan/Bush (1981-1992), and have again gone backwards during the past six years of Junior’s administration.

So their out-of-pocket cost of gasoline has SKYROCKETED.
.
Christopher Laudani commented on May 25

Why is gas cheaper on the East coast vs. West Coast??

East coast -> BEST COAST!<-- woooohoooo!
Calvin Nourse commented on May 25

400,000,000/gal/day is 4630/gal/second…wow.
S Pearman commented on May 26

Is the regularly increasing volatility in the first chart from higher frequency of sampling?
In the last chart, the first peak was during hurricane katrina.
RM commented on May 28

VJ said:

“The problem with the “inflation-adjusted price” of gasoline is that American worker’s inflation-adjusted wages went backwards by about 20% during the 12 years of Reagan/Bush (1981-1992), and have again gone backwards during the past six years of Junior’s administration.”

I wouldn’t be entirely surprised if this were true, but could you verify that statement with some data?

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