Imagine how cheap it was pre2007.
That’s when cost went up drastically with no return.
Absolutely meaningless chart. One doesnt calulate adjusted prices when you pay out of pocket. Just like you dont adjust for wages. What you pay in dollars and cents is what counts, not some statistical measurement.
It isnt oil companies that determine the price anyway. Its the dirtbag oil traders on the stock market.
To really tell if we’re robbing people of their joy, shouldn’t we be looking at profits per gallon over the same period?
Data is information.
Here in SC and around Gas prices are fluctuating between $2.39 - $2.60 for regular unleaded 10% ethanal. This strikes me as seasonally reasonable.
Obama’s first year Gas prices were in the $4.35 range his first summer.
I think what were really hearing is from States that impose large taxes on Gas. Like California. I wouldn’t be surprised if gas was close to $5.00 in California.
Take away the end point Consumer Taxes and a Gallon of Gas costs the same as a Gallon of Milk.
Gee, I wonder which product is cheaper and easier to produce?
My Father had a Gas Station in the 60’s. He had Customers complain when Gasoline hit $.32.9 a Gallon.
Considering that it begins with drilling thousands of feet under the ground or ocean, then is processed at multi-billion dollar refineries and finally delivered by massive pipelines and fleets of fuel trucks, it is interesting to note that bottled water can be more expensive per ounce than gasoline.
But those same haters of greedy oil will pay 60% - 70% mark-up on the smartphone
Does inflation cause the price of gas to go up, or does the price of gas going up cause the inflation?
Adjust for inflation, and adjust by removing the taxes. Hidden and visible. How much is the oil company charging?
That gives a better basis for comparison, even allowing for the fact that a higher tax has a tendency to lower the amount that the oil company can expect to make on a gallon.
Make a historical chart that shows the percentage of the price that went to, and goes to taxes. That will be useful.
For some reason, Columbia, MO always seemed to have the lowest prices for miles around.
My favorite station of all time was "U Pump Ethyl in Columbia, MO," the first self-service gas station I ever used. That name still cracks me up. Wouldn't go over well in 2018, I'm afraid. #MeToo would have a fit.
For you kiddies, "Ethyl" didn't refer to your girlfriend; it referred to Tetraethyllead (commonly styled tetraethyl lead). It was common to pull into a gas station and say "Fill 'er up with Ethyl" at the time.
TEL is an organolead compound used to boost gasoline octane and allow engine compression to be raised substantially. That was how the big muscle car engines in the 60s made so much power. It also worked as a buffer against microwelds forming between the hot exhaust valves and their seats. Lead was banned from gasoline in the 70s.
The state gov’ts make more money from taxes then the oil companies. In Calif they will be a ballot measure to vote away the big gas tax hike the DEMOCRATS and RINOS passed using taxpayer money to bribe each other.
So If the FED had not jacked up inflation for their gain and we were still making a dollar an hour gas would cost something like a dime a gallon.
But during the Depression, few people commuted long distances to work or to see family, like today. Most people lived within a few miles of where they grew up.
One of the few apps I downloaded was Gasbuddy. Comes in handy when in unfamiliar areas.
Here’s the web address: https://www.gasbuddy.com
The federal government is behind the inflation we experience.
One thing that would almost instantly impact the price of gasoline in a positive way would be to have the EPA remove the requirement for special blends.