Now, If Only Gas Prices Could Start Dropping

Includes: UGA
by: Bespoke Investment Group

Lately, it is not only the stock market that goes up, up, and up. After an 8% decline from its February highs, the price of gasoline has started climbing once again. From its most recent low in late April, the national average price of a gallon of gas has risen by 4.4% and has now gone 17 straight days without a decline. While this may sound like a long streak, in January and February prices at the pump went 36 straight days without a decline, so the current run is hardly unprecedented. That said, consumers could use a couple of days of relief at the pump.