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Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services

Wednesday, November 21, 2012

Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services

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  1970 1975 1980 1985 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Retail price of motor gasoline, all types (constant 2005 dollars per gallon)                                        
Total service station price 1.80 2.06 2.89 2.17 1.82 1.72 1.66 1.59 1.55 1.54 1.60 1.57 1.34 1.43 1.77 1.69 1.56 1.70 1.96 2.31
Service station price excluding taxes 1.24 1.61 2.57 1.77 1.42 1.25 1.19 1.11 1.03 1.03 1.10 1.07 0.85 0.95 1.29 1.23 1.11 1.25 1.50 1.86
Average motor fuel taxesa 0.56 0.45 0.33 0.40 0.40 0.47 0.47 0.48 0.52 0.52 0.51 0.50 0.49 0.49 0.48 0.46 0.46 0.45 0.46 0.46
Retail price of motor gasoline, all types (current dollars per gallon)                                        
Total service station price 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 1.44 1.64 1.92 2.34
Consumer price indices (1982-84 = 100)                                        
All items 39 54 82 108 131 136 140 145 148 152 157 161 163 167 172 177 180 184 189 195
Food 39 60 87 106 132 136 138 141 144 148 153 157 161 164 168 173 176 180 186 191
Shelter 36 49 81 110 140 146 151 156 161 166 171 176 182 187 193 201 208 213 219 224
Apparel 59 73 91 105 124 129 132 134 133 132 132 133 133 131 130 127 124 121 120 120
Motor fuel 28 45 97 99 101 99 99 98 99 100 106 106 92 101 129 125 117 136 160 196
Medical care 34 48 75 114 163 177 190 201 211 221 228 235 242 251 261 273 286 297 310 323

a State and federal taxes are weighted averages computed by the American Petroleum Institute, ba1qsed on gasoline sold in the 50 states. Local taxes are excluded, but additional state sales taxes levied on motor fuel are included.

SOURCES

Retail price (constant 2005 dollar):

American Petroleum Institute, Policy Analysis and Statistics, personal communication, May 1, 2006.

Retail price (current dollar):

1970-75: U.S. Department of Energy, Energy Information Agency, Annual Energy Review 2003 (Washington, DC: 2004), table 5.24, Internet site http://www.eia.doe.gov as of Sep. 7, 2004.

1980-2005: Ibid., Monthly Energy Review (Washington, DC: March 2006), table 9.4, Internet site http://www.eia.doe.gov as of Apr. 21, 2006.

Consumer price indices:

Council of Economic Advisors, Economic Report of the President 2006 (Washington, DC: Annual Issues), tables B-60 and B-61, Internet site http://www.gpoaccess.gov/eop/download.html as of Apr. 21, 2006.