Data for fuel oil and gasoline purchased at wholesale prices

Data for fuel oil and gasoline purchased at wholesale prices for 2006 and 2010 are shown below.

What is the interpretation of the value index?

Value rose 15.92%

Value rose 56.78%

Value rose 15.24%

Value rose 15.69%

	2006	2010
	Price	Quantity	Price	Quantity
Fuel Oil/gal.	$2.50	10,160	$2.859	15,200
Gasoline/gal. all types	$2.54	9,240	$2.828	7,690
Gasoline/gal. unleaded	$2.398	21,760	$2.825	33,000

Solution

  Fuel Oil/gal. 2.50     10,160      2.859     15,200    0.359 14.36   Gasoline/gal. all types $2.54     9,240      $2.828     7,690    0.288 11.33   Gasoline/gal. unleaded $2.398     21,760      $2.825     33,000    0.427 17.81 Total 7.438 8.512 1.074 14.44