Gas Prices Continue to Climb at Retail Consumer Level

Here’s a chart based on the weekly gasoline price update from the Department of Energy with an overlay of Light Crude. Oil is off the 105.82 interim high set a week ago. However, gasoline prices at the pump continue to rise. Year-to-date, regular has risen 52 cents and is now above the $3.50 pain threshold. As I write this, GasBuddy.com shows a Hawaii average of $4.00 for regular, (the nation’s high), with California close behind at $3.95.

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The price increases in crude oil and gasoline were reflected in the latest Consumer Price Index data for January.
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Doug Short Ph.d is the author of dshort.com.

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