Is Gasoline Getting Cheaper?

13 Nov 2013

The Cleveland Plain Dealer pointed out “Gasoline prices now below $3 at some stations” and the Wall Street Journal asked: “How Are Lower Gas Prices Affecting You?” The Washington Post delved into “the surprising reasons why gas prices are falling sharply.”

But are prices really all that low? Have they really fallen all that sharply?

Gas prices have dropped in recent weeks, and the media seems to think it’s something noteworthy. But looking at the EIA’s record of prices over the past several years, prices are still on the high side now. Also, falling prices this time of year is nothing unusual. This year is the bold red line.


The Wall Street Journal piece quoted the owner of a taxi company who put the recent prices in perspective: “It always fluctuates. We’re really happy when it goes down but at same time we know it’s going to go back up. So don’t get too caught up in the gas prices. Instead, we try to educate our drivers on how to save gas.”


books I've read on failure & grace

The World Without Us
The Last Oil Shock: A Survival Guide to the Imminent Extinction of Petroleum Man
A Paradise Built in Hell: The Extraordinary Communities That Arise in Disaster
Hell and High Water: Global Warming--the Solution and the Politics--and What We Should Do
The Worst Hard Time: The Untold Story of Those Who Survived the Great American Dust Bowl
The Tipping Point
Three Cups of Tea: One Man's Mission to Promote Peace... One School at a Time
The Upside of Down: Catastrophe, Creativity and the Renewal of Civilization
Out of Poverty: What Works When Traditional Approaches Fail
The Little Ice Age: How Climate Made History, 1300-1850
Confessions of an Eco-Sinner: Tracking Down the Sources of My Stuff
Deep Economy: The Wealth of Communities and the Durable Future
The Geography of Bliss: One Grump's Search for the Happiest Places in the World

Mason's favorite books »