Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Gasoline prices adjusted for CPI
Old 05-04-2007, 02:31 PM   #1
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Gasoline prices adjusted for CPI

Looks like refinery demand is pushing prices up to levels not seen in over 25 years.
Of course that depends on your perception of the relevance & accuracy of CPI data...

I don't know if it's any good after today, but here's the link:
http://www.chartoftheday.com/20070504.htm?T
Attached Images
File Type: gif Gas prices adjusted for CPI.gif (13.6 KB, 37 views)
Attached Files
File Type: gif_thumb Gas prices adjusted for CPI.gif_thumb (17.0 KB, 0 views)
__________________

__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 03:30 PM   #2
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 899
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by Nords
Looks like refinery demand is pushing prices up to levels not seen in over 25 years.
Of course that depends on your perception of the relevance & accuracy of CPI data...

I don't know if it's any good after today, but here's the link:
http://www.chartoftheday.com/20070504.htm?T
Or we are paying no more for gas in real terms than we were 27 years ago and in the intervening years it has been even less expensive.

If as some people believe that CPI understates actual inflation then today's real price is actually less.

MB
__________________

__________________
mb is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 03:34 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: Gasoline prices adjusted for CPI

Why choose 1981? Roll it back a little further, 1960 would be my choice..
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 03:47 PM   #4
Full time employment: Posting here.
 
Join Date: Jan 2006
Posts: 899
Re: Gasoline prices adjusted for CPI

Yeh, I suspect that comparing it to 1960 would make it look pretty expensive today but since I support a European type gas tax I put my own spin on the data in the chart

MB
__________________
mb is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 04:07 PM   #5
Thinks s/he gets paid by the post
SecondCor521's Avatar
 
Join Date: Jun 2006
Location: Boise
Posts: 2,405
Re: Gasoline prices adjusted for CPI

I thought the absolute high was in 73-74 during the OPEC crisis?

2Cor521
__________________
"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
SecondCor521 is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 04:29 PM   #6
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by SecondCor521
I thought the absolute high was in 73-74 during the OPEC crisis?

2Cor521
I would expect to see shortages this summer. Prices near 4 dollars a gallon.

It is only the beginning. It will get very ugly.

Refinery utilization is only 88%, draw downs have been huge and we are not in the driving season yet.

Then one badly placed hurricane and gasoline lines and a recession will be here.
__________________
newguy88 is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 04:39 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
TromboneAl's Avatar
 
Join Date: Jun 2006
Posts: 11,199
Re: Gasoline prices adjusted for CPI

In the long run, nothing could be better than high gas prices. Make alternative energy and conservation worthwhile sooner.
__________________
Al
TromboneAl is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 04:41 PM   #8
Full time employment: Posting here.
 
Join Date: Jun 2006
Posts: 718
Re: Gasoline prices adjusted for CPI

I think the economy is doing a great job absorbing energy costs. Funny people must not mind the prices the demand keeps going up.
__________________
Mwsinron is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 07:47 PM   #9
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by Mwsinron
I think the economy is doing a great job absorbing energy costs. Funny people must not mind the prices the demand keeps going up.
Have you flown lately? People that once flew a 500 mile trip are now driving.

There are so many SUVs that get well $hit mileage no wonder demand is increasing. PLUS there are well MORE people in the states. Last I looked we went over 300 million! Back in the 70s we had 230 million americans and the same amount of gasoline refineries!! AS we have today. We have no leadership. All we have are politicians who were the jerks we all hated in High School!
__________________
newguy88 is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 07:59 PM   #10
Full time employment: Posting here.
 
Join Date: Jun 2006
Posts: 718
Re: Gasoline prices adjusted for CPI

My point is DEMAND is still going up. People are not driving any less, flying any less etc. They are still consuming. Until they reverse that oil companies will get whatever premium they want. I wouldn't bother blaming today's leadership. Might as well look at the prior generations who lacked the foresight to develop alternative energy.

As for the SUV's consumption. A congressman from CA (the name slips me) is proposing a tax increase for SUV's when you purchase them because of their lousy fuel economy.
__________________
Mwsinron is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-04-2007, 09:47 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2004
Posts: 11,615
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by Mwsinron
As for the SUV's consumption. A congressman from CA (the name slips me) is proposing a tax increase for SUV's when you purchase them because of their lousy fuel economy.
An SUV is somehow more wasteful than a heavy luxury car? Or a 3/4 ton pickup truck that has something in the bed once a month?
If, for some reason, the govt wants to artificially influence the laws of supply and demand concerning fuel use, then just tax the fuel directly at a higher rate. Of course, folks who buy little cars because they can't afford the higher gas prices will die at a higher rate in car accidents.

Govt can monkey around with the laws of supply and demand, but not with the laws of physics--F is still gonna = MA.
__________________
"Freedom begins when you tell Mrs. Grundy to go fly a kite." - R. Heinlein
samclem is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-05-2007, 11:35 AM   #12
Moderator
bssc's Avatar
 
Join Date: Dec 2005
Posts: 9,936
Re: Gasoline prices adjusted for CPI

Higher prices are just a sign that the markets are working. All those low MPG vehicles generate higher demand which drives prices up. Higher prices make it more cost effective to fight the lawsuits and build more refineries, driving prices back down. It also make other methods of getting oil (e.g., oil shale) economically profitable. Finally, it makes spending a couple of thousand more on a hybrid more cost efficient. Of course, since I own a more than a few oil company stocks, I am biased.
__________________
Angels danced on the day that you were born.
bssc is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-05-2007, 12:25 PM   #13
Moderator Emeritus
Nords's Avatar
 
Join Date: Dec 2002
Location: Oahu
Posts: 26,620
Re: Gasoline prices adjusted for CPI

After discussing this with my spouse, I think the fact that gas prices are returning to an inflation-adjusted high is just another symptom of a depreciating dollar-- not much different than gold or any other natural resource. Priced any copper or plywood lately?

Quote:
Originally Posted by bssc
Higher prices are just a sign that the markets are working.
Ever watch PBS' "Globetrekker"?

Whenver the hosts visit the U.S., they can't get over how cheap the gasoline is compared to just about anywhere on the entire European continent.
__________________
*
*

The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
Nords is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-05-2007, 09:59 PM   #14
Thinks s/he gets paid by the post
 
Join Date: Nov 2005
Posts: 2,119
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by Nords
After discussing this with my spouse, I think the fact that gas prices are returning to an inflation-adjusted high is just another symptom of a depreciating dollar-- not much different than gold or any other natural resource. Priced any copper or plywood lately?
Ever watch PBS' "Globetrekker"?

Whenver the hosts visit the U.S., they can't get over how cheap the gasoline is compared to just about anywhere on the entire European continent.
Sure gasoline is more expensive everyplace else than america, but everyplace else has Diesel vehicles that get over 40mpg or small fuel efficient cars. They all have passenger rail service that makes what we have in america look like third world railroads.

So I am tired of hearing that comment. Bottom line, we have no real leadership, we have no energy policy and quite frankly we are on Hurricane disaster away from big time gasoline shortages because None of the oil companies are planning any new refineries.
__________________
newguy88 is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-05-2007, 10:12 PM   #15
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Brat's Avatar
 
Join Date: Feb 2004
Location: Portland, Oregon
Posts: 5,914
Re: Gasoline prices adjusted for CPI

You think you are in a squeeze, just travel in the west!!!
__________________
Duck bjorn.
Brat is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-06-2007, 12:27 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,515
Re: Gasoline prices adjusted for CPI

What I find incredible is the extreme volatility that appears to have started in 2005.

Audrey
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is offline   Reply With Quote
Re: Gasoline prices adjusted for CPI
Old 05-06-2007, 12:35 PM   #17
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
kcowan's Avatar
 
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 5,735
Send a message via Skype™ to kcowan
Re: Gasoline prices adjusted for CPI

Quote:
Originally Posted by newguy888
Sure gasoline is more expensive everyplace else than america, but everyplace else has Diesel vehicles that get over 40mpg or small fuel efficient cars. They all have passenger rail service that makes what we have in america look like third world railroads...
Are you sure that you are properly attributing cause and effect? Efficient cars and rail lines need customers. The market will drive behaviour.

Here is a tale of three cities that illustrates how different cities evolve when their gas prices are different. Vanouver is C$1.26/litre (or US$4.54/gal for those still using the imperial system). And we have the same car choices and rail choices as you do.

Litres/person/week - BC/WA/OR
Gasoline - 19.3/29.7/29.9
Diesel - 6.1/7.6/11.4
Power - 21/27.3/26 in KWH/day
BTUs - 41.3/57.9/61.4 converted from above totals/person/week

(from the same article - sorry no link yet)
__________________

__________________
For the fun of it...Keith
kcowan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Gasoline prices and the BS that newspapers write. newguy88 Other topics 30 04-20-2007 07:53 PM
Correlation between elections and gas prices? bright eyed Other topics 34 03-20-2007 07:11 PM
What Real Estate Bubble? Art FIRE and Money 76 11-09-2006 03:33 PM
Now watch gasoline prices can you say 4 dollars a gallon newguy88 FIRE and Money 147 04-25-2006 02:02 PM
Energy Prices and RE budget dex FIRE and Money 11 12-28-2005 12:03 AM

 

 
All times are GMT -6. The time now is 04:18 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.