Weekly Gasoline Price Update: Regular And Premium Up

The price of Regular and Premium are up five and four cents, respectively, from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.30 and Mississippi has the cheapest at $2.21. The WTIC end of day spot price closed at 56.79, a 0.4% increase from this time last week.

How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.

(Click on image to enlarge)

Weekly Gas Prices Since 2000

The next chart is a monthly chart overlay of West Texas Light Crude, Brent Crude, and unleaded gasoline end-of-day spot prices (GASO).

(Click on image to enlarge)

WTIC BRENT GASO

In this monthly chart, WTIC end of day spot price closed at 56.79, a 0.4% increase from this time last week.

(Click on image to enlarge)

The volatility in crude oil and gasoline prices has been clearly reflected in recent years in both the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE).

(Click on image to enlarge)

Consumer Price Index

The chart below offers a comparison of the broader aggregate category of energy inflation since 2000, based on categories within the Consumer Price Index (commentary here).

(Click on image to enlarge)

CPI Components

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.