[IP] more on gasoline price history
Begin forwarded message:
From: Jude Shavlik <shavlik@xxxxxxxxxxx>
Date: August 30, 2005 1:06:26 PM EDT
To: dave@xxxxxxxxxx
Subject: Re: [IP] gasoline price history
Despite the recent price rises of gasoline in the US, gas is still
cheap if you consider inflation
Since increases in the price of oil are a big driver of inflation,
isn't it a bit circular and misleading to then adjust gas prices for
inflation?
Does anyone know what fraction of inflation over the last N years
can be attributed to the price of oil?
It would be interesting to see a constant-dollars plot of historical
gas prices
corrected for the impact of oil prices on inflation.
Jude Shavlik
Computer Sciences Dept
Univ of Wisconsin - Madison
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