United States Department of Transportation
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Abstract:Retail gasoline prices in the United States have risen sharply since early 1999, mostly in response to sharply rising world crude oil prices. Although gasoline prices have, in general, been relatively low for U.S. consumers?compared with both historical standards and the prices paid in many other industrialized countries?sharply rising gasoline prices can potentially have an adverse impact on U.S. consumers, as well as on the U.S. economy. Moreover, during the second half of the 1990s, retail gasoline prices throughout the United States have exhibited a high degree of volatility and fairly frequent spikes. Particularly in California, where consumers already generally pay higher average prices than they do elsewhere in the United States, the spikes have raised questions about the behavior of gasoline prices both within the state and between California and the rest of the
country.
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