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Inflation Adjusted Gasoline Prices Gas Prices Adjusted for Inflation from 1980 to now |
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Charts
and current price quote for Crude Oil Prices Return to KirkLindstrom.com home page |
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September 21, 2012:
Gasoline Prices adjusted
for inflation are down from their
recent highs. A slowing global economy plus
new supply in the US has helped keep a lid on oil
prices. A refinery fire in California has helped keep prices
higher than they might otherwise be given the cost of oil is much
further below its all time high. Inflation
Adjusted Oil Prices and Crude Oil Prices
From Chartoftheday.com1 Today's chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a couple points of interest from today's chart. For one, Middle East crises are often associated with major swings in the price of gasoline. Also, gasoline price spikes have often occurred prior to an economic downturn. Both those issues are in play today. Middle East instability (e.g. Arab spring) and Middle East tensions (e.g. Iran) are ongoing. Also, the inflation-adjusted US price for a gallon of unleaded is up over $0.50 since the end of June and has rarely been higher than current levels.
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Article: Beware
of
Annuities
Article
Index
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Note 1. Source:
Chart of
the Day "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."
Charts
and current price quote for Crude Oil Prices |
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Disclaimer: The information contained in this seb site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © 2012 Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. |