We have a treat today with this Gasoline chart that goes back to 1980. The good folks at Chart of the Day put together an inflation-adjusted chart of Gas prices showing the consequences of certain geopolitical and natural disasters. You can also see the effect that recessions have on prices.
From Chart of the Day:
There are a couple points of interest from today’s chart. For one, Middle East crises are often associated with major swings in the price of gasoline. Also, gasoline price spikes have often occurred prior to an economic downturn. It is also worth noting that gasoline prices have declined $0.65 per gallon over the past eight months — a relative positive for both the economy and corporate earnings going forward.
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