Weekly Gasoline Price Update: WTIC Down Fifth Consecutive Week
Jill Mislinski | Jun 27, 2017 12:36AM ET
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down three cents each from last week. According to GasBuddy.com , Hawaii has the highest average price for Regular at $2.99 and San Francisco, CA is the most expensive city, averaging $3.13. South Carolina has the cheapest at $1.90. The WTIC end of day spot price closed at 43.38, a 2.4% decrease from this time last week and its fifth consecutive loss.
How far are we from the interim high prices of 2011 and the all-time highs of 2008? Here's a visual answer.
The next chart is a monthly chart overlay of West Texas Light Crude, brent crude, and unleaded gasoline end-of-day spot prices (GASO ).
In this monthly chart, WTIC end of day spot price closed at 43.38, down 2.4% from this time last week and its fifth consecutive loss.
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).
The chart below offers a comparison of the broader aggregate category of energy inflation since 2000, based on categories within Consumer Price Index (commentary here ).
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