A few graphs I found interesting.
Via Mark Thoma, this graph shows that commodity prices have closely tracked world industrial production.
And this graphic makes clear that energy and food are the principal factors behind the increase in the CPI over the last 12 months.
Thoma also reminds us that although the richest 20% of Americans spend about 4% of their income on energy and another 4% on food, the poorest quintile spend 20.6% on energy and 23.5% on food.
I’ve also figured out how to use active GasBuddy widgets to display some of their useful graphs. These should update automatically, so if you come back to this site at some later date, you’ll see the current figures as of that date. You can also click on the images below to adjust the parameters.
|New Jersey Historical Gas Price Charts Provided by GasBuddy.com|
|New Jersey Gas Prices provided by GasBuddy.com|
|Click here to add this map to your website.|
Since the question always comes up, the biggest single reason why average retail gas prices differ across states is differences in gasoline taxes.