What’s Happening at the Gas Pump This Week?

Here’s a chart based on the weekly gasoline price update from the Department of Energy with an overlay of Light Crude, which closed today at 92.15.

As I’ve pointed out before, the substantial rise in gasoline prices over the past few months is runs counter to the normal pattern of a price peak around Labor Day.

The increased prices in crude oil and gasoline was reflected in the wider gap between Headline and Core CPI in the inflation data released on Friday.

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

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