Gasoline Price Update: Down For The Eighth Consecutive Week
Doug Short | Aug 26, 2014 01:02AM ET
It's time again for my weekly gasoline update based on data from the GasBuddy.com , two states (Hawaii and Alaska) have Regular above $4.00 per gallon, unchanged from last week, and no states are averaging above $3.90, unchanged from week. South Carolina has the cheapest Regular at $3.13.
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 93.34, down from 96.60 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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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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