June 11, 2013 at 2:59 pm
I noticed that in my neck of the woods (Cleveland, OH), gas has jumped to $3.90 a gallon, but on a trip to the D.C. area, I saw it it was closer to $3.60. The terrible Oklahoma storms are being blamed for the higher prices at home, but I would think that should affect prices nationally.
John Jagerson did say in a recent video that it’s been tough to find any clear price trend in the oil sector, so perhaps that carries through to gasoline prices, too!
June 12, 2013 at 10:55 am
It’s a very complicated puzzle–most people see high gas prices and they think “inflation” but the price you see at the pump could have as much to do with state taxes, foreign turmoil and transport costs as it does the actual price of oil. I don’t fully understand it but I get the sense there are so many factors it’s not really possible to draw a correlation.
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