Divide the price of gasoline by average hourly earnings of private sector production and nonsupervisory workers:
Category Archives: energy
Teaching Macro 2024
First time teaching undergrad macro (elective, after intermediate macro) in three years, so I thought time to revise the syllabus (Econ 442) to account for new issues (compare against Fall 2001).
EV and Hybrid Sales, thru December
EV’s flat. Hybrids up. From Kevin Drum.
Gasoline Prices thru 1/3 (updated – nominal and real)
From GasBuddy:
Instantaneous Inflation in the Euro Area, US
Headlines indicate 2.4% y/y HICP inflation in the euro area hitting consensus. Instantaneous inflation per Eeckhout (T=12,a=4) is 0.4%.
Urals and Brent Oil Prices
Houthi attacks on shipping spur rise in oil prices. Here’s a graph to put things in perspective, for the world price, and the price Russia is getting for its oil.
Gasoline Prices Continue Downward
Last week, I was asked about the likely future trajectory. As of the week ending today, prices still falling (from $3.23 to $3.14).
Non-Inflation Release Items: Oil, Urals, Gas Prices, Inflation Expectations, China Deflation
Oil prices, Urals vs. Brent, gasoline prices weekly thru yesterday, one-year-ahead y/y inflation forecasts, and China in deflation (again).
World Coal Consumption Trends – American Sources
Reader CoRev asserts IEA forecasts are biased. Here are forecasts from US DoE Energy Information Administration.
World Coal Consumption Trends
From IEA (correction – all sources are International Energy Agency):