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.
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...
But gasoline prices are soaring...
Does the US consumer want rising or falling oil prices?
Charts: Bloomberg
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