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Chart of the Week: Inflation Adjusted Gasoline
Posted By Barry Ritholtz On August 17, 2005 @ 5:15 am In Commodities,Economy | Comments Disabled
Over the past century, as the industry became ever more
adept and efficient at finding, pumping and refining oil, Real Gas prices did
not keep up with inflation.
85 Years of Inflation Adjusted Gasoline
Graphic courtesy of the NYT 
This long downtrend shows a minor spike in the 1930s, which
eventually reverted back to trend. There was a major spike in the 1970′s; It
subsequently collapsed in price some 50%, from $3 / gal to $1.50, over the 1980
to ’84 timeframe. It would not be outrageous to call that price action -
particularly the 1970s – bubble-like.
Quote of the Day:
"Winning can be defined as the
science of being totally prepared."
~George Allen, Football Coach
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2005/08/chart-of-the-week-inflation-adjusted-gasoline/
URLs in this post:
 Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/real_gas_graphic_nyt.gif
 NYT: http://www.nytimes.com/2005/08/13/national/13gas.html?ex=1281585600&en=7f335cd80c208515&ei=5090&partner=rssuserland&emc=rss
 Balance of power will shift to the East as China and India evolve : http://www.businessweek.com/magazine/content/05_34/b3948401.htm
 Fund Owners Suffer From the Regret-Aversion Blues : http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_currier&sid=aMIsIpq9gG4M
 Inflation: Up, down or sideways? : http://www.marketwatch.com/news/story.asp?dist=¶m=archive&siteid=mktw&guid=%7B4F2EF83E%2D2725%2D4C2A%2DA9F5%2DF68D716FB9C7%7D
 Job Creation Isn’t What It Used to Be: http://www.bloomberg.com/apps/news?pid=10000039&sid=a7XdRRZ3USF4&refer=columnist_baum
 Consumers Bought Only Cars and Gasoline in July : http://www.northerntrust.com/library/econ_research/daily/ us/dd081105.pdf
 U.S. Science Research Is in Danger
 Widespread Ignorance: http://www.alternet.org/story/23964/
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