Energy prices up and down in recent years
May 09, 2003
Energy prices paid by consumers increased 10.7 percent in 2002, after decreasing 13.0 percent in 2001.
Gasoline prices increased 24.8 percent in 2002, following a 24.9-percent decrease in 2001. Household fuel oil prices increased 14.7 percent in 2002, after decreasing 26.7 percent the previous year. In contrast, the Consumer Price Index for All Urban Consumers (CPI-U) for all items increased 2.4 percent in 2002, up from a 1.6-percent rise during the prior year.
During 2002, the threat of continuing warfare in the Middle East and of resultant oil-supply disruptions led to increases in the prices of crude oil and its products, including gasoline and household fuel oil. The price of world crude oil increased from nearly $18 per barrel in December 2001 to more than $26 per barrel in December 2002.
Data on consumer prices are from the BLS Consumer Price Index program. For additional information on consumer price changes in 2002, see "Consumer prices up slightly more in 2002, led by energy and hospital services," by Todd Wilson, Monthly Labor Review, March 2003. Annual percent changes are December-to-December changes.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Energy prices up and down in recent years on the Internet at http://www.bls.gov/opub/ted/2003/may/wk1/art05.htm (visited October 24, 2016).
Recent editions of Spotlight on Statistics
Workplace injuries and illnesses and employer costs for workers’ compensation
Workplace injury and illness data and the costs to employers for workers’ compensation in natural resources, construction, and maintenance occupations.
A look at the future of the U.S. labor force to 2060
Projected long-term trends in the growth, size, and composition of the labor force.
Union membership in the United States
Historical trends in union membership among employed wage and salary workers; union membership by a variety of demographic characteristics.
A look at healthcare spending, employment, pay, benefits, and prices
Spending on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Self-employment in the United States
Trends in self-employment by various demographic and socioeconomic characteristics, including both the unincorporated and the incorporated self-employed, as well as data on paid employees who work for the self-employed.