Just some charts to summarize today's report...
Gasoline prices have continued to fall, BUT seem to be nearing an end, imho.
Overall, the inventory numbers gained across the board, including the SPR.
Consumption of Gasoline is slipping, but still slightly above year ago levels.
The drop in gasoline prices should drop the CPI to -0.3% month to month and +3.0% on the year. It is a seasonal thing.
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