What About Tuition Gouging, Windfall Endowments
The graph above was created using college tuition data from the National Center for Education Statistics (with estimates for 2007 and 2008), Consumer Price Index data from the BLS, and average annual oil price data for West Texas Intermediate Oil from Global Financial Data. All series are set to an index value of 100 in the base year of 1976. Comments:
1. During a 22-year period from 1982-2003, real oil prices were below their 1981 level.