- The Big Picture - http://www.ritholtz.com/blog -

Chart of the Day: S&P500 following Gasoline Price Surges

Posted By Barry Ritholtz On September 3, 2005 @ 6:55 am In Commodities,Economy,Markets | Comments Disabled

Chart of the Day
looks at how the stock market has responded to significant increases in gasoline prices over the past 25 years.

S&P500 following Gasoline Price Surges

20050902 [1]

20050902b [2]

Source: Chart of the Day [3]

Its apparent the stock market struggles following a
year-over-year increase of more than 15%. Gasoline has increased well
over 15% over the past 12 months and has the potential of negatively
impacting consumer spending. For example, a recent California poll
shows that 40% have cut back on spending as a result of high gasoline

This is consistent with an Opinion Research Corporation [4] survey cited by ICSC.org [5].
It showed that 58% of households are reducing their discretionary
spending on clothing, shoes, jewelry and consumer electronics, as well
as restaurants, spa and beauty services, and other nonessential


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/09/chart-of-the-day-sp500-following-gasoline-price-surges/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/photos/uncategorized/20050902.gif

[2] Image: http://bigpicture.typepad.com/photos/uncategorized/20050902b.gif

[3] Chart of the Day: http://www.chartoftheday.com/20050902.htm?t

[4] Opinion Research Corporation: http://opinionresearch.com/default.aspx

[5] cited by ICSC.org: http://www.icsc.org/srch/apps/newsdsp.php?storyid=1963&region=main

Copyright © 2008 The Big Picture. All rights reserved.