Gas prices down and expected...Elastically Speaking
| http://www.komanoff.net/oil_9_11/ | |||||||||||
| Year | Year | Real | Year | Observed | |||||||
| Usage | Change | GDP | Change | Expected | Variance | Price | GDP Defl | Price | Change | Elasticity | |
| 03 June | 9,017 | 10,224 | $ 1.62 | 183.7 | $ 0.88 | ||||||
| 03 July | 9,135 | 10,275 | $ 1.57 | 183.7 | $ 0.86 | ||||||
| 03 Aug | 9,258 | 10,337 | $ 1.60 | 184.1 | $ 0.87 | ||||||
| 04 July | 9,286 | 1.7% | 10,666 | 3.8% | 2.5% | -0.9% | $ 2.04 | 189.4 | $ 1.08 | 25.9% | -0.03 |
| 04 Aug | 9,335 | 0.8% | 10,697 | 3.5% | 2.3% | -1.5% | $ 2.00 | 189.5 | $ 1.06 | 21.6% | -0.07 |
| 04 Sept | 9,233 | 0.6% | 10,726 | 3.3% | 2.2% | -1.6% | $ 1.95 | 189.6 | $ 1.03 | 13.8% | -0.11 |
| 05 June | 9,260 | 0.5% | 10,959 | 3.1% | 2.0% | -1.5% | $ 2.27 | 194.5 | $ 1.17 | 9.9% | -0.15 |
| 05 July | 9,395 | 1.2% | 10,994 | 3.1% | 2.1% | -0.9% | $ 2.28 | 194.8 | $ 1.17 | 8.6% | -0.10 |
| 05 Aug | 9,481 | 1.6% | 11,034 | 3.2% | 2.1% | -0.5% | $ 2.37 | 195.4 | $ 1.21 | 14.9% | -0.04 |
| 06 Sept | 9,469 | 1.5% | 11,340 | 2.5% | 1.7% | -0.2% | $ 2.91 | 203.4 | $ 1.43 | 7.2% | -0.02 |
| 06 Oct | 9,355 | 2.1% | 11,356 | 2.4% | 1.6% | 0.5% | $ 2.66 | 202.9 | $ 1.31 | -6.4% | -0.07 |
| 06 Nov | 9,249 | 2.5% | 11,376 | 2.5% | 1.7% | 0.8% | $ 2.41 | 202.1 | $ 1.19 | -13.1% | -0.06 |
| 07 July | 9,520 | 0.6% | 11,566 | 2.2% | 1.5% | -0.9% | $ 3.10 | 208.2 | $ 1.49 | 0.6% | -1.48 |
| 07 Oct | 9,362 | 0.1% | 11,665 | 2.7% | 1.8% | -1.7% | $ 2.84 | 208.4 | $ 1.36 | 3.7% | -0.47 |
| 07 Nov | 9,247 | 0.0% | 11,670 | 2.6% | 1.7% | -1.7% | $ 2.93 | 209.2 | $ 1.40 | 17.4% | -0.10 |
| 07 Dec | 9,249 | -0.4% | 11,676 | 2.5% | 1.7% | -2.0% | $ 3.01 | 209.7 | $ 1.44 | 24.3% | -0.08 |
| 08 Jan | 9,104 | -0.6% | 11,682 | 2.5% | 1.6% | -2.2% | $ 3.09 | 210.4 | $ 1.47 | 27.5% | -0.08 |
| 08 Feb | 9,044 | -0.5% | 11,687 | 2.5% | 1.6% | -2.1% | $ 3.08 | 210.9 | $ 1.46 | 26.3% | -0.08 |
| 08 Mar | 9,020 | -0.1% | 11,691 | 2.4% | 1.6% | -1.7% | $ 3.16 | 212.1 | $ 1.49 | 25.0% | -0.07 |