Chapter 6 - Real Historic Gasoline Prices

Chapter 6 - Real Historic Gasoline Prices - Table 5.24...

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Unformatted text preview: Table 5.24 Retail Motor Gasoline and On-Highway Diesel Fuel Prices, 1949-2008 (Cents per Gallon) Motor Gasoline by Grade Leaded Regular Year 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 Nominal 5 26.8 26.8 27.2 27.4 28.7 29 29.1 29.9 31 30.4 30.5 31.1 30.8 30.6 30.4 30.4 31.2 32.1 33.2 33.7 34.8 35.7 36.4 36.1 38.8 53.2 56.7 59 62.2 62.6 85.7 119.1 131.1 122.2 115.7 112.9 111.5 85.7 89.7 89.9 Real 6 163.9 162.1 153.5 152 157.3 157.5 155.3 154.2 154.7 148.3 147 147.8 144.8 141.9 139.5 137.4 138.5 138.5 139 135.3 133.1 129.7 125.9 119.7 121.8 153.2 149.2 146.8 145.5 136.8 173 220.4 221.8 194.8 177.4 166.9 159.9 120.3 122.5 118.8 Unleaded Regular Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 61.4 65.6 67 90.3 124.5 137.8 129.6 124.1 121.2 120.2 92.7 94.8 94.6 Real 6 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 152.8 153.4 146.4 182.2 230.4 233.1 206.6 190.3 179.1 172.4 130.1 129.5 125 Unleaded Premium Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 147 141.5 138.3 136.6 134 108.5 109.3 110.7 Real 6 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 248.7 225.6 212.1 201.9 192.2 152.3 149.3 146.2 All Grades Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 65.2 88.2 122.1 135.3 128.1 122.5 119.8 119.6 93.1 95.7 96.3 Real 6 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 142.5 178 225.9 228.9 204.2 187.9 177.1 171.6 130.7 130.7 127.2 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 99.8 114.9 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 127 140.8 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 102.1 116.4 114 112.7 110.8 111.2 114.7 123.1 123.4 105.9 116.5 151 146.1 135.8 159.1 188 229.5 258.9 280.1 130 142.7 135 130.5 125.4 123.2 124.5 131.2 129.3 109.8 119 151 142.7 130.3 149.5 171.7 203 221.9 233.8 266.8 [R] [R] [R] 119.7 134.9 132.1 131.6 130.2 130.5 133.6 141.3 141.6 125 135.7 169.3 165.7 155.6 177.7 206.8 249.1 280.5 303.3 351.9 152.4 165.3 156.4 152.3 147.3 144.6 145.1 150.6 148.4 129.6 138.7 169.3 161.8 149.3 167 188.9 220.4 240.4 253.1 287.4 [R] [R] 106 121.7 119.6 119 117.3 117.4 120.5 128.8 129.1 111.5 122.1 156.3 153.1 144.1 163.8 192.3 233.8 263.5 284.9 134.9 149.2 141.6 137.8 132.7 130.1 130.8 137.2 135.3 115.6 124.8 156.3 149.5 138.3 153.9 175.7 206.8 225.8 237.8 [R] [R] [R] 2008 NA NA 326.6 1 Any area that does not require the sale of reformulated gasoline. 331.7 270.9 6 In chained (2000) dollars, calculated by using gross domestic pr D1. See "Chained Dollars" in Glossary. 2 For 1993-2000, data collected for oxygenated areas are included in "Conventional Gasoline Areas." "Reformulated Gasoline Areas" are ozone nonattainment areas designated by the Environmental R=Revised. NA=Not available. 3 Note: See "Motor Gasoline Grades," "Motor Gasoline, Conventi and "Motor Gasoline, Reformulated" in Glossary. Protection Agency that require the use of reformulated gasoline. 4 For 1995-2000, data collected for combined oxygenated and reformulated areas are included in Web Page: See http://www.eia.doe.gov/oil_gas/petroleum/info_ information. "Reformulated Gasoline Areas." 5 See "Nominal Dollars" in Glossary. Sources: Motor Gasoline by Grade: • 1949-1973º Platt's Oil 51st Edition. • 1974 forward Energy Information Administratio from the U.S. Department of Labor, Bureau of Labor Statistics, U Regular Motor Gasoline by Area Type: EIA, weighted annual Gasoline Prices, Regular Grade." On-Highway Diesel Fuel: E "Weekly Retail On-Highway Diesel Prices." 949-2008 Regular Motor Gasoline by Area Type Conventional Gasoline Areas Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 1,2 On-Highway Diesel Fuel Reformulated Gasoline Areas Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 3,4 All Areas Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA Nominal 5 NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA 109.8 108.7 106.7 107.2 110.3 119.2 118.9 101.7 111.6 146.2 138.4 131.3 151.6 181.2 224 253.3 276.7 [2] [2] [2] [2] [2] [2] [2] [2] NA NA NA NA NA NA 116.3 128.3 125.2 107.8 119.5 154.3 149.8 140.8 165.5 193.7 233.5 265.4 285.7 [4] [4] [4] [4] [4] [4] NA NA 109.8 108.7 106.7 107.5 111.1 122.4 119.9 103 113.6 148.4 142 134.5 156.1 185.2 227 257.2 279.6 324.6 NA NA NA NA NA NA 111 123.5 119.8 104.4 112.1 149.1 140.1 131.9 150.9 181 240.2 270.5 288.5 380.3 321.3 331.4 00) dollars, calculated by using gross domestic product implicit price deflators in Table ined Dollars" in Glossary. A=Not available. otor Gasoline Grades," "Motor Gasoline, Conventional," "Motor Gasoline, Oxygenated," soline, Reformulated" in Glossary. ee http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html for related or Gasoline by Grade: • 1949-1973¹ Platt's Oil Price Handbook and Oilmanac, 1974, 1974 forward Energy Information Administration (EIA), annual averages of monthly data Department of Labor, Bureau of Labor Statistics, U.S. City Average Gasoline Prices. r Gasoline by Area Type: EIA, weighted annual averages of data from "Weekly U.S. Retail s, Regular Grade." On-Highway Diesel Fuel: EIA, weighted annual averages of data from l On-Highway Diesel Prices." Year Nominal Leaded Leaded (2009 Dollars) Unleaded (2009 Dollars) Nominal Unleaded CPI 1949 0.27 $2.42 23.8 1950 0.27 $2.39 24.1 1951 0.27 $2.24 26 1952 0.27 $2.22 26.5 1953 0.29 $2.31 26.7 1954 0.29 $2.31 26.9 1955 0.29 $2.33 26.8 1956 0.3 $2.36 27.2 1957 0.31 $2.37 28.1 1958 0.3 $2.26 28.9 1959 0.31 $2.25 29.1 1960 0.31 $2.25 29.6 1961 0.31 $2.21 29.9 1962 0.31 $2.17 30.2 1963 0.3 $2.13 30.6 1964 0.3 $2.10 31 1965 0.31 $2.12 31.5 1966 0.32 $2.13 32.4 1967 0.33 $2.13 33.4 1968 0.34 $2.08 34.8 1969 0.35 $2.03 36.7 1970 0.36 $1.97 38.8 1971 0.36 $1.93 40.5 1972 0.36 $1.85 41.8 1973 0.39 $1.87 44.4 1974 0.53 $2.32 49.3 1975 0.57 $2.26 53.8 1976 0.59 $2.22 0.61 $2.32 56.9 1977 0.62 $2.20 0.66 $2.32 60.6 1978 0.63 $2.06 0.67 $2.20 65.2 1979 0.86 $2.53 0.9 $2.67 72.6 1980 1.19 $3.10 1.25 $3.24 82.4 1981 1.31 $3.09 1.38 $3.25 90.9 1982 1.22 $2.72 1.3 $2.88 96.5 1983 1.16 $2.49 1.24 $2.67 99.6 1984 1.13 $2.33 1.21 $2.50 103.9 1985 1.12 $2.22 1.2 $2.40 107.6 1986 0.86 $1.68 0.93 $1.81 109.6 1987 0.9 $1.69 0.95 $1.79 113.6 1988 0.9 $1.63 0.95 $1.72 118.3 1989 1 $1.73 1.02 $1.77 124 1990 1.15 $1.89 1.16 $1.91 130.7 1991 1.14 $1.80 136.2 1992 1.13 $1.72 140.3 1993 1.11 $1.65 144.5 1994 1.11 $1.61 148.2 1995 1.15 $1.61 152.4 1996 1.23 $1.68 156.9 1997 1.23 $1.65 160.5 1998 1.06 $1.39 163 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 1.17 1.51 1.46 1.36 1.59 1.88 2.3 2.59 2.8 3.27 2.37 $1.50 $1.88 $1.77 $1.62 $1.86 $2.14 $2.52 $2.76 $2.90 $3.25 $2.37 166.6 172.2 177.1 179.9 184 188.9 195.3 201.6 207.34 215.3 214.54 Notes: 1949 - 2008 from Department of Energy Table 5.24 - http://www.eia.doe.gov/emeu/aer/petro.html 2009 from Department of Energy - http://tonto.eia.doe.gov/dnav/pet/pet_pri_gnd_dcus_nus_a.htm All CPI data from BLS - http://www.bls.gov/cpi/home.htm#data Wikipedia: http://en.wikipedia.org/wiki/1979_energy_crisis 13.03 13.36 $42.87 $23.11 85% u/aer/petro.html dcus_nus_a.htm Real Price of Gasoline (Leaded and Unleaded) $3.50 $3.00 $2.50 $2.00 2009 Dollars $1.50 $1.00 $0.50 $1950 1965 1980 1985 2000 2005 1955 1960 1970 1975 1990 1995 2010 Leaded (2009 Dollars) Unleaded (2009 Dollars) Year $1950 1955 1960 Leaded (2009 Dollars) Unleaded (2009 Dollars) Year 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 ...
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This note was uploaded on 10/25/2010 for the course ECON 2105 taught by Professor Rudbeck during the Fall '08 term at University of Georgia Athens.

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