Gasoline Price Update: Down Another Four Cents
Doug Short | Jul 21, 2014 07:32PM ET
It's time again for my weekly gasoline update based on data from the GasBuddy.com , three states (Hawaii, Alaska, and California) have Regular above $4.00 per gallon, unchanged from last week, and three states (Oregon, Washington and Connecticut) are averaging above $3.90, unchanged from last week. South Carolina has the cheapest Regular at $3.28.
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 102.86, up from 101.05 this time last week.
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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Here are some additional commentaries related to gasoline prices:
- Gasoline Volume Sales, Demographics and our Changing Culture
- Vehicle Miles Driven as an Economic Indicator
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