Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services
Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services
1960 | 1965 | 1970 | 1975 | 1980 | 1985 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Retail price of motor gasoline, all types (constant 2002 dollars per gallon) | |||||||||||||||||||
Total service station price | 1.90 | 1.78 | 1.66 | 1.90 | 2.67 | 2.01 | 1.68 | 1.59 | 1.53 | 1.47 | 1.43 | 1.43 | 1.48 | 1.45 | 1.23 | 1.32 | 1.64 | 1.56 | 1.48b |
Service station price excluding taxes | 1.28 | 1.19 | 1.14 | 1.49 | 2.37 | 1.64 | 1.31 | 1.15 | 1.10 | 1.02 | 0.95 | 0.95 | 1.01 | 0.99 | 0.78 | 0.87 | 1.20 | 1.13 | 1.06b |
Average motor fuel taxesa | 0.62 | 0.60 | 0.52 | 0.42 | 0.30 | 0.37 | 0.37 | 0.43 | 0.43 | 0.44 | 0.48 | 0.48 | 0.47 | 0.46 | 0.45 | 0.45 | 0.44 | 0.43 | 0.42b |
Retail price of motor gasoline, all types (current dollars per gallon) | |||||||||||||||||||
Total service station price | 0.31 | 0.31 | 0.36 | 0.57 | 1.22 | 1.20 | 1.22 | 1.20 | 1.19 | 1.17 | 1.17 | 1.21 | 1.29 | 1.29 | 1.12 | 1.22 | 1.56 | 1.53 | 1.48b |
Consumer price indices (1982-84 = 100) | |||||||||||||||||||
All items | 30 | 32 | 39 | 54 | 82 | 108 | 131 | 136 | 140 | 145 | 148 | 152 | 157 | 161 | 163 | 167 | 172 | 177 | 180 |
Food | 30 | 32 | 39 | 60 | 87 | 106 | 132 | 136 | 138 | 141 | 144 | 148 | 153 | 157 | 161 | 164 | 168 | 173 | 176 |
Shelter | 25 | 27 | 36 | 49 | 81 | 110 | 140 | 146 | 151 | 156 | 161 | 166 | 171 | 176 | 182 | 187 | 193 | 201 | 208 |
Apparel | 46 | 48 | 59 | 73 | 91 | 105 | 124 | 129 | 132 | 134 | 133 | 132 | 132 | 133 | 133 | 131 | 130 | 127 | 124 |
Motor fuel | 24 | 25 | 28 | 45 | 97 | 99 | 101 | 99 | 99 | 98 | 99 | 100 | 106 | 106 | 92 | 101 | 129 | 125 | 117 |
Medical care | 22 | 25 | 34 | 48 | 75 | 114 | 163 | 177 | 190 | 201 | 211 | 221 | 228 | 235 | 242 | 251 | 261 | 273 | 286 |
a State and federal taxes are weighted averages computed by the American Petroleum Institute, based on gasoline sold in the 50 states. Local taxes are excluded, but additional state sales taxes levied on motor fuel are included.
b Includes data from January to October.
SOURCES
All data except consumer price indices:
1960-2002: American Petroleum Institute, How Much We Pay for Gasoline (October 2002), tables 1 and 4.
Consumer price indices:
1960-2002: Council of Economic Advisors, Economic Report of the President (Washington, DC: Feburary 2003), tables B-60 and B-61. Also available at Internet site http://w3.access.gpo.gov/eop/.