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, 2007Why 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 A1Oil Industry Says Biofuel Push May Hurt at Pump
JAD MOUAWAD
NYT, May 24, 2007Costs 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 C1Stations Boycott Their Own Gas Over Prices
Three Wisconsin Stations Refuse To Pump Because Of Rising Gasoline Costs
CBS News May 25, 2007 7:59am
here are some gasoline cartoons….
http://tinyurl.com/2u3m9x
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.
.
Why is gas cheaper on the East coast vs. West Coast??
East coast -> BEST COAST!<-- woooohoooo!
400,000,000/gal/day is 4630/gal/second…wow.
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.
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?