Gasoline Price Update: Down A Nickel
Doug Short | Sep 16, 2014 01:31AM ET
It's time again for my weekly gasoline update based on data from the GasBuddy.com , only one state (Hawaii) has Regular above $4.00 per gallon, unchanged from last week, and one state (Alaska) is averaging above $3.90, also unchanged from last week. South Carolina has the cheapest Regular at $3.11.
How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.
GASO ). WTIC closed today at 92.92, down from 93.12 this time last week and the lowest since January.
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). For additional perspective on how energy prices are factored into the CPI, see What Inflation Means to You: Inside the Consumer Price Index .
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