Gas and Home Prices: What a Difference Two Years Can Make

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Includes: DBO, OIL, USO
by: Tim Iacono

It was only four years ago that home prices were rising at the rate of 20 percent per year and gasoline cost less than two dollars a gallon, yet it seems like a distant memory.

When you think about the Hummer in its heyday back in 2004 and early 2005, this chart just about tells the whole story - home equity burning a hole in the pockets of millions of homeowners and being able to fill up a 33 gallon tank for about $50 or so.

Once the hurricanes struck in 2005 ... well, we all know what Hummer lots looked like after Katrina and Rita swept through the Gulf Coast.

 

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