BTS | Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services

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Table 3-9: Price Trends of Gasoline v. Other Consumer Goods and Services

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	1980	1985	1990	1995	1996	1997	1998	1999	2000	2001	2002	2003
Retail price of motor gasoline, all types (constant 2005 dollars per gallon)
Total service station price	2.76	2.07	1.73	1.47	1.53	1.50	1.27	1.37	1.69	1.61	1.49	1.62
Service station price excluding taxes	2.45	1.69	4.35	0.98	1.05	1.03	0.80	0.91	1.23	1.17	1.06	1.19
Average motor fuel taxes^a	0.31	0.38	0.38	0.49	0.48	0.47	0.47	0.46	0.46	0.44	0.43	0.43
Retail price of motor gasoline, all types (current dollars per gallon)
Total service station price	1.22	1.20	1.22	1.21	1.29	1.29	1.12	1.22	1.56	1.53	1.44	1.64
Consumer price indices (1982-84 = 100)
All items	82	108	131	152	157	161	163	167	172	177	180	184
Food	87	106	132	148	153	157	161	164	168	173	176	180
Shelter	81	110	140	166	171	176	182	187	193	201	208	213
Apparel	91	105	124	132	132	133	133	131	130	127	124	121
Motor fuel	97	99	101	100	106	106	92	101	129	125	117	136
Medical care	75	114	163	221	228	235	242	251	261	273	286	297

^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.

SOURCES

Retail price (constant 2005 dollar):

American Petroleum Institute, Policy Analysis and Statistics, personal communication, May 13, 2005.

Retail price (current dollar):

1970-75: U.S. Department of Energy, Energy Information Agency, Annual Energy Review 2003 (Washington, DC: 2004), table 5.24, Internet site http://www.eia.doe.gov as of Sep. 7, 2004.

1980-2004: Ibid., Monthly Energy Review (Washington, DC: March 2005), table 9.4, Internet site http://www.eia.doe.gov as of Mar. 31, 2005.

Consumer price indices:

Council of Economic Advisors, Economic Report of the President 2005 (Washington, DC: Annual Issues), tables B-60 and B-61, Internet site http://www.gpoaccess.gov/eop/download.html as of Mar. 1, 2005.