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Inflation Adjusted Gasoline Prices Plunge 24%
Gas prices adjusted for Inflation are at a 5 year low
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Charts and current price quote for Crude Oil Prices

Crude Oil Price History

November 26, 2014:  Gasoline prices are at a five year low!  Gasoline Prices adjusted for inflation have plunged 24% since my last update on April 16, 2014. These lower gas prices will leave more money in consumers wallets, which should make for a happy holiday shopping season.  Remember that falling gasoline pries are similar to a tax cut for the economy so this should stimulate economic growth.

From Chartoftheday.com1
As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). 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 few points of interest. For one, geopolitical crises are often associated with major swings in the price of gasoline. It is also worth noting that, since the financial crisis, the resulting peaks of gasoline price spikes have been decreasing over time (see downward sloping red trend line). In the end, the recent plunge has brought gasoline prices to five-year lows.
Chart of Oil Prices Adjusted for                          Inflation

Crude Oil Price History
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Historical Chart and Quote of West Texas Intermediate Crude Oil Prices

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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"

Charts and current price quote for Crude Oil Prices
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