Gasoline Prices through Time

Conventional gasoline price since 1990.

Figure 1: Price of gasoline in 2020$/gallon (blue), in $/gallon (red). Conventional gasoline, monthly averages of daily prices, deflated by core CPI for 2020$. Source: EIA, BLS via FRED, and author’s calculations.

Deflating by CPI-all would lead to a similar picture. On a log scale:

Figure 2: Price of gasoline in 2020$/gallon (blue), in $/gallon (red), both on a log scale. Conventional gasoline, monthly averages of daily prices, deflated by core CPI for 2020$,. Source: EIA, BLS via FRED, and author’s calculations.