Skip to comments.Inflation Adjusted Gasoline Prices
Posted on 07/02/2018 3:14:00 PM PDT by FreedomNotSafety
It is interesting to note that in January 2016 prices for gasoline on an inflation adjusted basis are actually much lower than they were during the depression.
(Excerpt) Read more at inflationdata.com ...
Imagine how cheap it was pre2007.
Thats 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.
As stated in the article, people dont see it but they actually know it when they can budget more for other things, not so much for fuel.
Its perfectly logical. With some qualifications as stated also in article.
But those same haters of greedy oil will pay 60% - 70% mark-up on the smartphone
So are you saying, it doesn’t matter that the buying power of a dollar has changed significantly over the years?
Avg. price in Seattle is $3.02 (I just looked it up). Although IIRC I just paid $3.30 at one of the cheaper places nearby. I don’t really pay attention to the price, other than I know where the three cheapest stations are. When the truck needs gas I fill it up. My MIL - much of her conversation will be about the price of gas at various stations, and how it compares to two weeks ago.
Not to mention all of the TAXES hidden in there by the States and the Feds.
That would be the commodity exchange and it's been common practice for gas stations managers to raise prices just a little bit more so that it's hidden in natural gas price, so you are half correct. As for commodity traders driving the price up, I don't think so. They are at the mercy of supply and demand. Traders get burned when oil goes up or down, some even when it stays the same. It's difficult to drive the price of oil as a commodity trader but it's very easy as an oil provider by cutting output our illegally price fixing between the oil providers (OPEC). Just my opinion.
$2.77 in Cleveland today. up about 20 cents in 2 days.
Does inflation cause the price of gas to go up, or does the price of gas going up cause the inflation?
Gasoline, even now, is a cheaper than it was when it was 35 cents.
The first bottled water to prominently come out and start the trend was Evian. Think about it, read it backwards.
It’s an insult. I can imagine some multi-millionaire making a bet with another multi-millionaire that he/she could sell water to the public. Just like the pet rock craze which petered out very quickly, but the originator made a fortune, and bottled water actually became quite useful.
I buy only spring water. Deer park, less then $6 at the Costco for a case and a half.
Of the upscale designer high priced waters, Fuji is very good and Glacial is good. Almost as good as the natural spring water from a spring in Pennsylvania that I grew up near. It was always cold and sweet and crisp. Tasted like what you want water to taste like.
Interestingly, New York City has (or used to have) some of the best water that came out of a tap. NE water reservoirs are fenced off, closed to the public with no fishing, boating or swimming.
One problem with that theory...
Trading gasoline is a “zero sum” game. In other words, the only way one side of a trade can make money is if the opposite side of the trade loses money.
Which brings up an interesting question...
Since virtually all commodity traders are seasoned professionals, which ones “volunteer” to lose money?
That was a rhetorical question, of course, since no one, amateur or professional, volunteers to lose money.
Bottom Line - over any three month period, the price of gasoline is set by supply and demand.
Example: OPEC, which periodically increases or decreases the amount of oil they pump in order to achieve some policy goal, like trying to drive American frackers out of business by flooding the market with cheap Middle East oil, which is what happened in January 2016.
Inflation? Inflation? Inflation?
I have no health insurance.
Went to the Doc for a 10 minute visit.
Gee! Ain’t things rockin’ on Wall Street..
“Its the dirtbag oil traders on the stock market.”
Now, now - that’s not very nice...
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