Gasoline prices (per AAA) slipped from last report's $3.873, to $3.845. One year ago the price had fallen to $3.892, and was on its downward trajectory... into the early September lull, about $3.80. It rose a bit, then fell back to the December low.
Consumption increase +1.4% week over week, and is +2.9% above year ago numbers. (This is a four week moving average).
The good news, is the price seems to be easing a bit. Hopefully, it becomes a trend.
If history tells us anything... the increased consumption should begin to wane in the next couple of weeks. Then, if nothing else snaps... a descent in pump prices might be achieved. 👍
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