ICYMI -- Price Of Gasoline, US -- 2005 -- 2023 — And It Is Going To Get A Lot Cheaper — March 14, 2023

Updates

Later, 2:28 p.m. CT: WTI settled at $71.33, down 5% today. Some say energy is a huge determinant of inflation. If so, the failure of the Silicon Valley Bank just made JPow’s job a lot easier. Headline earlier today: inflation y/y and m/m has moderated. WTI should bring inflation down further. Biggest beneficiaries: those who drive Deere equipment. Investing thoughts, anyone?

Later, 12:32 p.m. CT: by the way, upwards of 50% of US office workers are still working from home, saving even more in transportation costs.

Original Post

Gasoline, US, 2005 - 2023: no inflation. Thank you Mr Biden. Link here.

President of the United States, 2001 - 2009: George W. Bush.

In 2005, "mpg" average for light vehicle in the US: 13 mpg. Link here.

Most fuel efficient cars, 2023, link here. Honda Civic clocking in at 31/39/35. CAFE standards mandated by US Congress, first enacted in 1975. US president inn 1975: Gerald Ford, His start in politics: just a few miles westsouthwest of Detroit.

For the archives -- me personally:

• driving a third or less as many miles now as I did in 2005;
• in 2005, we lived on the northeast side of San Antonio, TX (Henderson Pass area), and commuted daily to Lackland AFB, TX, on the far southwest side of San Antonio (google maps: 60 miles daily, round trip)
• I now drive about 60 miles every two weeks
• and, oh, by the way, my rent today is the same as my rent in 2005
• and no children in college
  
• getting 3x better mileage: from 12 mpg (2005) to 36 mpg (2023)
  
• paying about the same amount for gasoline.