The last time gas prices were this low, the United States and most other developed countries were in the midst of the global financial crisis in 2008, one of the worst economic crises of the last century (BEA). Several economic forces acting in concert reduced demand for gasoline. The national unemployment rate was steadily marching […]
What is Up (or Down) with Gas Prices?
WRITTEN BY: Michael R. Betz, PhD
REVIEWED BY: Jim Bates, PhD
SOURCES:
- [1] BEA National Income and Product Accounts Tables https://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&904=1930&903=1&906=a&905=2014&910=x&911=0
- [2] BLS Labor Force Statistics from the Current Population Survey
- http://data.bls.gov/timeseries/LNS14000000
- [3] U.S. Census Bureau Historical Poverty Tables (Table 9)
- http://www.census.gov/hhes/www/poverty/data/historical/people.html
- [4] Federal Housing Finance Agency House Price Index Datasets
- http://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qpo
- [5] BEA National Income and Product Accounts Tables https://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1#reqid=9&step=3&isuri=1&904=2010&903=1&906=a&905=2014&910=x&911=0
- [6] BLS Labor Force Statistics from the Current Population Survey
- http://data.bls.gov/timeseries/LNS14000000
- [7] Federal Reserve Bank of St. Louis
- http://research.stlouisfed.org/fred2/series/UMCSENT/