Chart of the Day: Gas Prices Retrace 5-Year Gains in 2 Years

More

Treasury Secretary Tim Geithner said on Meet the Press this weekend that he wasn't terribly concerned about gas prices getting in the way of the recovery. He might be right that the momentum of the economy is stronger than the headwind of expensive gas. And yet...

In the Bush years, it took five years for gas prices to rise from $2 to $4 dollars per gallon. In 2009, prices collapsed. But in barely two years, gas prices have retraced their ominous rise and are again scratching on the window of the dreaded $4 average.

gas prices.pngSee more graphs at St Louis Fed.



Jump to comments
Presented by

Derek Thompson is a senior editor at The Atlantic, where he writes about economics, labor markets, and the entertainment business.

Get Today's Top Stories in Your Inbox (preview)

Is Technology Making Us Better Storytellers?

How have stories changed in the age of social media? The minds behind House of Cards, This American Life, and The Moth discuss.


Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register. blog comments powered by Disqus

Video

Is Technology Making Us Better Storytellers?

The minds behind House of Cards and The Moth weigh in.

Video

A Short Film That Skewers Hollywood

A studio executive concocts an animated blockbuster. Who cares about the story?

Video

In Online Dating, Everyone's a Little Bit Racist

The co-founder of OKCupid shares findings from his analysis of millions of users' data.

Video

What Is a Sandwich?

We're overthinking sandwiches, so you don't have to.

Video

Let's Talk About Not Smoking

Why does smoking maintain its allure? James Hamblin seeks the wisdom of a cool person.

Writers

Up
Down

More in Business

Just In