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How do gasoline prices now compare with historical prices?
There are two ways to compare recent prices with historical prices. One is to compare the price actually paid at the pump, or the “nominal” price. The other is to compare the “real” price, which is the price adjusted for inflation, so that prices in the past are in “today’s” dollar value.
The graph at right shows the average annual nominal and real prices of regular gasoline from 1976 through 2012. The real price is based on the value of the dollar in February 2012. Over this entire span of time, consumers paid the highest prices for gasoline in real terms in 1981, 1982, 2008, and 2011.
Find the latest gasoline price information at:
- Gasoline and Diesel Fuel Update — weekly U.S. and regional gasoline and diesel fuel price data
- Short-Term Energy Outlook — projected average annual gasoline prices for this year and the next, updated monthly
The professional consultants at Onyx Power & Gas Consulting are always ahead of the current issues that may affect energy consumption and pricing. Now is the time to partner with an Onyx professional consultant to discuss energy management and secure energy prices based on today’s stable pricing. Volatility in the energy markets makes it too precarious to take chances. Partner with Onyx Power & Gas in Making Energy Make a Difference!