I’ve been keeping track of my gas mileage for a while, and as part of that I’ve been noting the gas price paid as well. I figured it would be interesting to plot this data, and see what the pump gas price has been over the past few years.
What I’m showing is the price I paid at the pump on a given day. There is some “noise” in the data, as I didn’t keep the gas station constant, but the difference in markup among the stations I normally use shouldn’t be more than 10-20 cents, so the overall trend can still be observed.
It is tempting to draw a straight line through the last 40 months or so, and assume that prices will keep rising at about 50 cents per year. Of course, this is ignoring that significant dip you see in second half of 2008…
While most of us dread high gas prices, there is some silver lining to it. Back in 2008, the relatively sudden spike actually resulted in reduced traffic congestion on the LA freeways! Less traffic and less resulting emissions are a good thing.