With the steady decline in gasoline prices during 2015 people aren’t too concerned with the price of gas anymore. But on occasion crude oil prices have fallen without the corresponding decline in gasoline prices.
When this occurs someone always asks me if the prices are actually correlated or are the oil companies just ripping us off. This prompted me to create a chart comparing the price of crude oil to that of gasoline so you can see for yourself how well they correlate and I recently updated that chart.
See the full article here: Gasoline vs. Crude Oil Prices.
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- Are Low Crude Oil Prices a “Boom Or A Curse” For The World Economy?
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- Gold and Inflation– Is gold a good hedge against inflation?
- Inflation Adjusted Gasoline Prices– In 1969 gasoline was only $0.35 a gallon. By 1976 it had risen to $0.60 per gallon. And by 1980 – 81 we were shocked as gas prices rose above $1.00 for the first time. In only 12 years gasoline had risen a full dollar from $0.35 to $1.35. That is an increase of 286% in 12 years! Because the overall value of the dollar has fallen, in order to compare the cost of gasoline over longer periods of time it is necessary to adjust the price for inflation.
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