Price of gas down or just down?

Posted on May 15, 2008. Filed under: Uncategorized |

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
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