As of Monday, 12/27, from EIA via FRED:
Category Archives: energy
Gasoline Prices Now… and Standard Errors
Reader rsm is perpetually concerned about the precision of economic data, most recently here in re: gasoline prices.
Why am I paying 12-15% more than the graph? What possible reason do you have for not including standard errors? Would error bars stop you from making all these claims about noise?
Below is the price of regular gasoline, plus/minus 1.96 standard errors.
Gasoline Prices Now
Are declining as of the beginning of this week:
Brent vs. WTI
In thinking about benchmarks, does it matter right now which oil price to refer to? Jim H. and others have noted Brent is a more appropriate benchmark for gasoline prices.
Oil Price Futures and Forecasts
Here’s a picture of Brent (monthly average of daily data) through October, and futures.
Oil Price Pass Through into Gasoline Prices
From Hakan Yilmazkuday, “Oil Price Pass-Through into Consumer Prices: Evidence from U.S. Weekly Data”, forthcoming in JIMF:
Gasoline Prices through Time
Conventional gasoline price since 1990.
Guest Contribution: “High oil prices can help the environment”
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared at Project Syndicate.
The Relative Price of Oil – Levels vs. Growth Rates
I hear a lot about “records”. Not so remarkable in levels, but very remarkable in growth rates.
Energy Futures and Future Energy Prices
The IMF blog (Andrea Pescatori, Martin Stuermer, and Nico Valckx) predicts: “Surging Energy Prices May Not Ease Until Next Year”.