more on gasoline price history

[David Farber <dave () farber net>]

Begin forwarded message:

From: Jude Shavlik <shavlik () cs wisc edu>
Date: August 30, 2005 1:06:26 PM EDT
To: dave () farber net
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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