EIA, gas prices, gas tax, oil production

Prices Are Dropping, But Gas Is Still Historically Expensive

By Institute for Energy Research —— Bio and Archives--December 17, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

The sharp fall in crude oil and gasoline prices since the summer has understandably grabbed the attention of analysts and the general public. Here at IER we’ve covered the topic from the perspective of U.S. output, global supply and demand, and the role of policy from both the Federal Reserve and federal government. Yet despite the sharp relative fall in gasoline prices, it still remains fairly expensive in a historical perspective, as I’ll show in the present post.

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