I keep my receipts being somewhat of a data hound. Fueling up the other day I noticed that a gallon of premium gas was $3.92 USD - perilously close to the four dollar mark. I decided to graph my petrol receipts for the last month.

It has been a rapid and bumpy climb; a trendline 50c increase in less than thirty days. The high amount of inflation is real especially if I am noticing it each time I fill up. We aren't quite to the level that the Cunning Realist notes of high inflation economies (ie order two as the second will be more than the first), but there is no price stability if I am paying more each time I go to the pump to fuel up. Is it a failure of the federal reserve or the energy market?

For some longer price memory, via the gasbuddy, a six year graph of US gas pump prices.
More reading: Tags, Gas, Inflation, Petrol, Energy
Cam Riley: South Sea Republic. Freedom, liberty, equity and an Australian Republic.

Comments
  • cam . # .
    As an aside I spent $231.46 on gas during that graph. More than I thought. Definately a significant expense in my budget now.
    'Sworn to no party, and of no sect am I.' Frederick Vosper's republican motto.
  • cam . # .
    Breakdown. Granted I do more driving than most people.

    'Sworn to no party, and of no sect am I.' Frederick Vosper's republican motto.
  • cam . # . 1/1
    $3.97 yesterday.
    'Sworn to no party, and of no sect am I.' Frederick Vosper's republican motto.