FYI: According to AAA, the national average price of gasoline dropped another 1.4% over the weekend taking prices at the pump to their lowest levels in more than five and a half years. Even more noteworthy is the fact that the national average price hasn't seen a daily increase since 9/24/14. That 88 day stretch without an increase now ranks as the longest streak without an increase on record (going back to 2004). Prior to the current streak, the longest stretch without a one day increase in price was in late 2008 during the credit crisis. In that period, gasoline prices fell 57% over a period of 87 days without an increase. While the current streak hasn't been nearly as steep (-28%), consumers will take it nonetheless.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2014/12/22/a-losing-streak-for-the-record-books.html?printerFriendly=true
