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Inflation
Adjusted Gasoline Prices ==> " Historical Chart 1980 to 2011" <== |
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The price of a barrel of
crude oil has traded sharply higher over the past 4 1/2 months and
currently trades above $91 as a result of continued geopolitical
tensions and oil suppliers struggling to keep up with demand. With oil
prices trending higher, it is not all that surprising to find that
gasoline prices are following suit. Since the financial crisis lows at
the end of 2008, the average US price for a gallon of unleaded has
risen $1.42 per gallon. When adjusted for inflation, gasoline prices
are once again above three dollars per gallon -- a level not often seen
over the past three decades.
See Crude Oil - Crude Oil ETFs for current prices |
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Source: Chart of the Day
(using data from the National Bureau of Economic Research) Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at http://www.chartoftheday.com. |
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