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.
Doug Short Ph.d is the author of dshort.com.