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

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  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/.