Price and expenditure measures of petroleum products: a comparison: price changes in petroleum products are closely correlated among the three price programs of the Bureau of Labor Statistics; changes in the BLS petroleum-product CPI also correlate with changes in consumer spending on those products, as measured by the Consumer Expenditure Survey.(Petroleum Prices and Expenditures)(Statistical data) From: Monthly Labor Review | Date: December 1, 2006| Author: Duly, Abby L.; Harris, Jeffrey A.; Khatchadourian, Ara M.; Ulics, Rozi T.; Wolter, Melissa C. | COPYRIGHT 2006 U.S. Bureau of Labor Statistics. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Political events in oil-producing countries, hurricanes in the Gulf of Mexico, and increasing global demand for petroleum products have all contributed to sharp increases in recent years in prices of crude oil and of petroleum products derived from crude oil. From January 2000 to July 2006, the average price for a gallon of unleaded regular gasoline in the United States increased 130.5 percent. (1) Personal consumption expenditures on gasoline rose from $175.7 billion to $287.3 bill...