From: Inflation Data
COMMENT - Don't let the $2 gas make you forget to electrify your transportation!
COMMENT - Don't let the $2 gas make you forget to electrify your transportation!
Are Oil Companies Ripping us off with Gas Prices?
Recently Gasoline at the pump have fallen while crude oil prices have stabilized. I often get the question ... are they really correlated?
The chart to the right shows the correlation between
the average annual price of gasoline and the average
annual price of crude oil. By using the average
annual price we eliminate brief spikes and get a better
picture of what we really pay over the long term. If
we see a brief spike many of us will put off buying
gas as long as possible hoping to miss the spike so
over the long term we will pay closer to the average
price. MORE
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