Focus on Energy Prices and Inflation
This assignment provides instructions on building the graph below and includes writing prompts for out-of-class assignments.
Storytelling with Data and FRED Interactive Modules
Interpreting Units: Learn how to use several FRED® features to change the units of the data and help tell the story behind the numbers. The FRED Interactive modules can be embedded in your learning management system.
Quiz Yourself on the Economics of Oil Prices
The graph above shows crude oil prices in dollars per barrel (black line) and diesel (blue line), gasoline (red line), and heating oil (green line) prices in dollars per gallon.
Q1. Relative to crude oil prices, how do oil-based fuel prices change over time?
Learn more about this topic from the FRED Blog.
The graph above shows the prices of crude oil from Western Texas (black line) and from the North Sea (blue line).
Q1. Between January 2020 and January 2022, were both prices very similar most of the time or only some of the time?
Q2. When did the price of Western Texas crude oil become less than zero?
Learn more about this topic from the FRED Blog.
The graph above shows crude oil prices (black line) and a measure of expected long-run inflation (purple line).
Q1. Do crude oil prices and expected long-run inflation move in the same or in opposite directions?
Learn more about this topic from the FRED Blog.
You can share these graphs with your students using this dashboard. To customize this dashboard, just click the “Save to My Account” button at the top of the dashboard.
