FYI: Crude oil prices may technically be in a new bull market, but like John Candy and Steve Martin in the movie Planes, Trains, and Automobiles, gasoline prices in the United States are going the wrong way. The chart below compares the change in the national average price of gasoline so far this year to the way prices tend to track in an ‘average’ year going back to 2005. According to AAA, the national average price of a gallon of gas has declined to $1.826 per gallon, which translates to a YTD decline of 8.5% already in 2016. In a typical year, prices at the pump are flat to modestly higher at this point.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/gas-prices-going-the-wrong-way/New Oil Bull Market !:
https://www.bespokepremium.com/think-big-blog/new-oil-bull-market/
