October 26, 2014

Average Real Cost of Gas Spent Per Mile 1994 to 2010

Gas has gone up a lot in the past 10 years.   But at the same time  cars have become more efficient and due to general inflation costs have gone up in general.   If adjusting for inflation then what is the trend in spending on gasoline per mile driven given these 3 variables?   Well glad you asked, here's a chart :


The figures are in 2010 real dollars.

And in table format :



real gas /mile
1994  $   0.056
1995  $   0.058
1996  $   0.061
1997  $   0.059
1998  $   0.050
1999  $   0.054
2000  $   0.068
2001  $   0.062
2002  $   0.058
2003  $   0.064
2004  $   0.074
2005  $   0.085
2006  $   0.094
2007  $   0.096
2008  $   0.106
2009  $   0.073
2010  $   0.084

 I got the data from :
Average auto fuel economy in MPG from the DoT Bureau of Transportation Statistics Table 4-23: Average Fuel Efficiency of U.S. Light Duty Vehicle
Average gasoline prices from the EIA
Inflation data is from the CPI report Table 24
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