Are Gas Prices Rolling Over?

Tyler Durden's picture

After months of incessant rises in average gasoline prices in the US, we note that prices actually fell today. The dramatic 0.3 cent drop in Regular (0.4c in Mid and 0.2c in Premium) may be just the implicit tax cut that the stagnant-wage-growth deleveraging-consumer needs to spur the next leg up in the new normal recovery that is priced into equities.

Source: AAA