Seeking Alpha

While inflation came in below expectations in February, gasoline prices jumped 6% and futures...

While inflation came in below expectations in February, gasoline prices jumped 6% and futures indicate that $4/gallon is not far off, with the average pump price $3.831 on Friday. A major reason is that loss-making North East refineries are being idled or shut permanently as their operators get squeezed by higher oil prices.
Comments (1)
  • DaLatin
    , contributor
    Comments (1522) | Send Message
     
    huh ! Didn't it slightly tick up ! 2.9% estimated at 2.6%..Maybe its my fuzzy hearing ! hmmm
    18 Mar 2012, 05:26 AM Reply Like
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