Sunday, September 23, 2007

Gasoline Prices and the Busines Cycle v.2

This is an update of a previous chart showing the change in price of unleaded regular gasoline from one year to the next. The shaded areas represent recessions.

It uses monthly data instead of annual data, uses the CPI-U to adjust the nominal price to current dollars (vs. 2000 chained dollars), and the data is current to August, 2007.

See Also:
Gasoline Prices and the Business Cycle

Source Data:
Motor Gasoline Retail Prices, U.S. City Average
Consumer Price Indexes (CPI)
National Bureau of Economic Research, Inc.

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