FYI: It’s been anything but a normal year for energy prices and gas prices, in particular, this year as the typical seasonal trends have been absent from the market. The chart below compares a composite annual YTD percentage change of average gasoline prices going back to 2005 to the performance of prices this year. While prices usually rise in the first half of the year, they were essentially flat in the first half of the year. Then, towards the end of the Summer, when prices usually start to fall, this year they saw a boost from the hurricanes that ravaged Texas, Florida, Puerto Rico, and the Virgin Islands. Beginning in mid-September, though, seasonal trends finally started to take hold, and beginning in November, gasoline prices finally started to perform in line with their seasonal pattern and have been tracking it ever since.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/gas-prices-having-a-normal-year/
