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 ****** real U.S. dollars. By the first quarter of 2009, the crude oil price had plummeted to ***** real U.S. dollars per barrel. By comparison, the through price during the coronavirus pandemic was ***** 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 (CUUR0000SEHE) from Mar 1935 to Sep 2025 about fuels, oil, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

Graph and download economic data for Producer Price Index by Industry: Pipeline Transportation of Crude Oil (PCU486110486110) from Jun 1986 to Sep 2025 about pipeline, crude, oil, transportation, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Lubricating Oil Base Stocks (WPU0578) from Jun 2009 to Aug 2025 about lubricants, stocks, fuels, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

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.

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

About this dataset

Context

The dataset illustrates the median household income in Oil Trough, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 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 2023, the median household income for Oil Trough decreased by $6,126 (13.95%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 8 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 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, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 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 Trough 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.

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

Graph and download economic data for Producer Price Index by Commodity: Mining Services: Drilling Oil and Gas Wells Services (WPU60110301) from Jul 1991 to Sep 2025 about wells, drilling, mining, oil, gas, services, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Oil and Gas Extraction (PCU21112111) from Dec 1985 to Sep 2025 about extraction, oil, gas, PPI, industry, inflation, price index, indexes, price, and USA.

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 Sep 2025 about heating, fuels, oil, commodities, housing, PPI, 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 Q2 2025 about crude, oil, World, indexes, and price.

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 Commodity: Processed Foods and Feeds: Shortening, Cooking Oil, and Margarine (WPU027801) from Jul 1991 to Sep 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) (WPU056101) from Jul 1991 to Sep 2025 about petroleum, fuels, crude, domestic, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Petroleum Lubricating Oil and Grease Manufacturing: Secondary Products (PCU324191324191S) from Dec 1980 to Jun 2021 about lubricants, petroleum, secondary, oil, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Residual Fuels (Heavy Fuel Oils, Including #5, #6, and Other Residual Fuels) (WPU0574) from Jan 1947 to Sep 2025 about residual, fuels, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Support Activities for Oil and Gas Operations (PCU213112213112) from Dec 1985 to Aug 2025 about support activities, operating, oil, gas, PPI, industry, inflation, price index, indexes, price, and USA.