Crude oil rising; here come higher gas prices…

crude oil002

With crude oil prices rapidly approaching $80 per barrel, expect gasoline prices at the pump to increase. In fact, it’s already happening in some locations:

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3 Comments on “Crude oil rising; here come higher gas prices…”

  1. […] but at the wholesale level inflation apparently remains subdued. For the time being, anyway. With crude oil prices marching higher, it is unlikely that deflation in producer prices will persist for […]

  2. Manas says:

    Thirty Years Ago, Gas Prices Were 30 to 40 Percent Higher http://goo.gl/7IXpc

    And frankly, high prices of oil can only do good.

  3. Thanks for sharing the graphs. It really puts it in perspective.


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