Over the last several decades, the price of WTI crude oil has been affected by notable events and crises taking place throughout the world. The inflation adjusted price of one barrel of crude oil peaked shortly before the global financial crisis in 2008 at 125.21 real U.S. dollars. By the first quarter of 2009, the crude oil price had plummeted to 42.89 real U.S. dollars per barrel. By comparison, the through price during the coronavirus pandemic was 24.65 real U.S. dollars.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Fuel Oil and Other Fuels in U.S. City Average (CUSR0000SEHE) from Jan 1947 to May 2025 about fuels, oil, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Global price of APSP crude oil index (POILAPSPINDEXQ) from Q1 1991 to Q1 2025 about crude, oil, World, indexes, and price.

The author argues that the economic benefits of low gasoline prices for the U.S. economy have fallen substantially since the reemergence of America as a major oil producer. The old rule-of thumb that a 10% fall in the oil price raises inflation-adjusted U.S. GDP by 0.2% is too large—the impact on economic activity should be closer to zero, and may even be negative if consumption grows slowly. The reasons for this change are straightforward, if underappreciated: (i) the value of oil production accounts for a larger share of the U.S. economy; and (ii) consumers are not spending the windfall like they used to because of higher debt levels, limited access to credit, slow wage rowth, and an older population.

Urals Oil fell to 63.77 USD/Bbl on June 26, 2025, down 0.76% from the previous day. Over the past month, Urals Oil's price has risen 10.62%, but it is still 20.34% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urals Crude.

Oil prices stabilize amid easing US inflation, with WTI crude trading just under $68 per barrel. Production adjustments are key in maintaining market balance.

Graph and download economic data for Global price of APSP crude oil index (POILAPSPINDEXM) from Jan 1991 to Apr 2025 about crude, oil, World, indexes, and price.

One gallon of motor gasoline cost end users in the United States around 1.14 real U.S. dollars in 2024, down from 1.24 real U.S. dollars in the previous year. Figures in 2022 were impacted by that year's surge in crude oil prices, following supply restraints related to the Russia-Ukraine war. According to the source, real dollars have been adjusted for inflation. They reflect the purchasing power of a U.S. dollar relative to the period from 1982 to 1984.

About this dataset

Context

The dataset illustrates the median household income in Oil City, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for Oil City decreased by $4,824 (16.82%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 5 years.

https://i.neilsberg.com/ch/oil-city-la-median-household-income-trend.jpeg" alt="Oil City, LA median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Oil City median household income. You can refer the same here

Norway GDP: Price Index: swda: Exports: Crude Oil and Natural Gas data was reported at 130.600 2010=100 in Jun 2013. This records an increase from the previous number of 129.000 2010=100 for Mar 2013. Norway GDP: Price Index: swda: Exports: Crude Oil and Natural Gas data is updated quarterly, averaging 43.650 2010=100 from Mar 1978 (Median) to Jun 2013, with 142 observations. The data reached an all-time high of 140.800 2010=100 in Mar 2012 and a record low of 15.700 2010=100 in Dec 1978. Norway GDP: Price Index: swda: Exports: Crude Oil and Natural Gas data remains active status in CEIC and is reported by Statistics Norway. The data is categorized under Global Database’s Norway – Table NO.A086: ESA 1995: GDP: by Expenditure: Price Index: 2010=100: Seasonally and Working Day Adjusted.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Lubricating Oil Base Stocks (WPU05780121) from Jun 2009 to May 2025 about lubricants, stocks, fuels, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Import Price Index (End Use): Crude Oil (IR10000) from Dec 1980 to May 2025 about end use, crude, imports, price index, indexes, price, and USA.

Analysis of ‘🚊 Consumer Price Index’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://www.kaggle.com/yamqwe/consumer-price-indexe on 13 February 2022.

--- Dataset description provided by original source is as follows ---

About this dataset

9The Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) is a measure of the average monthly change in the price for goods and services paid by urban consumers between any two time periods.(1) It can also represent the buying habits of urban consumers. This particular index includes roughly 88 percent of the total population, accounting for wage earners, clerical workers, technical workers, self-employed, short-term workers, unemployed, retirees, and those not in the labor force.(1)

The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees (e.g., water and sewer service); and sales taxes. Prices are collected monthly from about 4,000 housing units and approximately 26,000 retail establishments across 87 urban areas.(1) To calculate the index, price changes are averaged with weights representing their importance in the spending of the particular group. The index measures price changes (as a percent change) from a predetermined reference date.(1) In addition to the original unadjusted index distributed, the Bureau of Labor Statistics also releases a seasonally adjusted index. The unadjusted series reflects all factors that may influence a change in prices. However, it can be very useful to look at the seasonally adjusted CPI, which removes the effects of seasonal changes, such as weather, school year, production cycles, and holidays.(1)

The CPI can be used to recognize periods of inflation and deflation. Significant increases in the CPI within a short time frame might indicate a period of inflation, and significant decreases in CPI within a short time frame might indicate a period of deflation. However, because the CPI includes volatile food and oil prices, it might not be a reliable measure of inflationary and deflationary periods. For a more accurate detection, the core CPI (Consumer Price Index for All Urban Consumers: All Items Less Food & Energy [CPILFESL]) is often used. When using the CPI, please note that it is not applicable to all consumers and should not be used to determine relative living costs.(1) Additionally, the CPI is a statistical measure vulnerable to sampling error since it is based on a sample of prices and not the complete average.(1)

Attribution: US. Bureau of Labor Statistics from The Federal Reserve Bank of St. Louis

For more information on the consumer price indexes, see:

• (1) Bureau of Economic Analysis. “CPI Detailed Report.” 2013
• (2) Handbook of Methods
• (3) Understanding the CPI: Frequently Asked Questions

This dataset was created by Finance and contains around 900 samples along with Consumer Price Index For All Urban Consumers: All Items, Title:, technical information and other features such as: - Consumer Price Index For All Urban Consumers: All Items - Title: - and more.

How to use this dataset

• Analyze Consumer Price Index For All Urban Consumers: All Items in relation to Title:
• Study the influence of Consumer Price Index For All Urban Consumers: All Items on Title:
• More datasets

Acknowledgements

If you use this dataset in your research, please credit Finance

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--- Original source retains full ownership of the source dataset ---

IPCA: MoM: sa: Goiânia: Food and Beverage: Domicile Food: Oils and Fats: Soybean Oil data was reported at -0.400 % in Mar 2025. This records an increase from the previous number of -2.860 % for Feb 2025. IPCA: MoM: sa: Goiânia: Food and Beverage: Domicile Food: Oils and Fats: Soybean Oil data is updated monthly, averaging 0.280 % from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 30.270 % in Sep 2020 and a record low of -9.460 % in May 2023. IPCA: MoM: sa: Goiânia: Food and Beverage: Domicile Food: Oils and Fats: Soybean Oil data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Inflation – Table BR.ID027: Consumer Price Index: Broad Category - IPCA: POF 2017-2018: Dec1993=100: Month-on-Month: Seasonally Adjusted: by Municipality: Goiás: Goiânia.

IPCA: MoM: sa: Brasília: Food and Beverage: Domicile Food: Oils and Fats: Olive Oil data was reported at -1.950 % in Mar 2025. This records a decrease from the previous number of -0.070 % for Feb 2025. IPCA: MoM: sa: Brasília: Food and Beverage: Domicile Food: Oils and Fats: Olive Oil data is updated monthly, averaging 1.230 % from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 8.630 % in Nov 2023 and a record low of -2.730 % in Feb 2020. IPCA: MoM: sa: Brasília: Food and Beverage: Domicile Food: Oils and Fats: Olive Oil data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Brazil Premium Database’s Inflation – Table BR.ID023: Consumer Price Index: Broad Category - IPCA: POF 2017-2018: Dec1993=100: Month-on-Month: Seasonally Adjusted: by Municipality: Distrito Federal: Brasília.

Graph and download economic data for Producer Price Index by Industry: Crude Petroleum Extraction (PCU211120211120) from Jan 2025 to May 2025 about PPI, price index, indexes, and price.

Graph and download economic data for Producer Price Index by Commodity: Processed Foods and Feeds: Shortening, Cooking Oil, and Margarine (WPU0278) from Jan 1947 to May 2025 about cooks, fat, processed, oil, food, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Crude Petroleum (Domestic Production) (WPU0561) from Jan 1947 to May 2025 about petroleum, crude, fuels, domestic, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Global price of Olive Oil (POLVOILUSDM) from Jan 1990 to May 2025 about oil, World, food, and price.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Home Heating Oil and Distillates (WPU05730201) from Feb 1973 to May 2025 about heating, fuels, oil, commodities, housing, PPI, inflation, price index, indexes, price, and USA.