An Even Better Statistic on Gasoline Household Spending

Lynne Kiesling OK, Manhattan in hand … here’s an analysis that improves on the first one. I’ve taken the ratio of [gasoline price x gasoline quantity] to median household income. The gasoline quantity data are from Table 5.13a of the DOE’s Annual Energy Review 2004, in thousands of barrels. Table 5.13a reports “estimated petroleum consumption, … More An Even Better Statistic on Gasoline Household SpendingMore An Even Better Statistic on Gasoline Household Spending

Internal Consumption of Ethanol

Lynne Kiesling OK, last word before I go make that Manhattan … contrary to what Glenn said in his follow-up post, I have no enthusiasm for ethanol as a fuel! Except for when it’s taken internally from a bottle with a red polymer top … … More Internal Consumption of Ethanol

Gas Price Relative to Median Income Has Fallen

Lynne Kiesling OK, here’s the data to show that relative to median household income, gasoline prices have fallen: Data used to create figure: Median household income data for 1980-2000 from Table H-11 of Census historical statistics, in current dollars Median household income data for 2001-2003 from Table H-8 of Census statistics from the Current Population … More Gas Price Relative to Median Income Has FallenMore Gas Price Relative to Median Income Has Fallen

Summary of Reasons Why Oil and Gasoline Prices Are Currently So High

Lynne Kiesling In KP’s three years of life there’s been a lot of coverage of oil and gasoline markets, and some dominant themes have persisted: The unintended consequences of price caps are usually pernicious. Environmental regulation, in this case in the form of the EPA federal fuel oxygenate requirement, causes balkanization of regional gasoline markets, … More Summary of Reasons Why Oil and Gasoline Prices Are Currently So HighMore Summary of Reasons Why Oil and Gasoline Prices Are Currently So High

Hawaii Price Cap Post at Coyote Blog

Lynne Kiesling I recommend reading Mr. Coyote’s post on the Hawaii price cap over at Coyote Blog. Very nice commentary. And thanks for the kind words! … More Hawaii Price Cap Post at Coyote Blog

Welcome New Readers

Lynne Kiesling Glad to have ya! So this is what happens when you get Instalanched andFarked … … More Welcome New Readers

Moralizing About Suvs

Lynne Kiesling On the gas price note, Jonathan Pearce at Samizdata has a post about how high gas prices are more effective than scolding at inducing people to drive more fuel efficient vehicles. Glenn Reynolds also has a lengthy and informative post on the SUV, including a link to Jonathan’s. Glenn correctly points out that … More Moralizing About SuvsMore Moralizing About Suvs

Hawaii Institutes Wholesale Gas Price Cap

Lynne Kiesling It’s been brewing for several years, but finally the $66/barrel oil prices have induced Hawaii to impose a cap on the wholesale price of gasoline. On Wednesday, the state’s Public Utilities Commission released its first weekly list of price caps for different parts of the state. Including taxes, the maximum wholesalers in Honolulu … More Hawaii Institutes Wholesale Gas Price CapMore Hawaii Institutes Wholesale Gas Price Cap