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Home > WTI Squeezes Above $52 As Gasoline Prices Start 2015 With Biggest Surge In A Decade

WTI Squeezes Above $52 As Gasoline Prices Start 2015 With Biggest Surge In A Decade

By Tyler Durden
Created 02/03/2015 - 13:00
Tyler Durden's picture [1]
Submitted by Tyler Durden [1] on 02/03/2015 13:00 -0500



 

Great news!! Oil prices have "bottomed" and WTI is up over $52 now... from under $44 just last week. But... gasoline prices have surged almost 24% in the last 3 weeks... the biggest seasonal rise in over a decade. 

 

Oil prices are rising and saving stocks...

[2]

 

But gasoline prices are soaring...

[3]

 

Does the US consumer want rising or falling oil prices?

 

Charts: Bloomberg

 

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Source URL: http://www.zerohedge.com/news/2015-02-03/wti-squeeze-above-52-gasoline-prices-start-2015-biggest-surge-decade

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[2] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150203_gas2.jpg
[3] http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/02/20150203_gas1.jpg