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Surging Gasoline Prices

Friday, January 14, 2011 20:44

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By Chart of the Day

The price of a barrel of crude oil has traded sharply higher over the past 4 1/2 months and currently trades above $91 as a result of continued geopolitical tensions and oil suppliers struggling to keep up with demand. With oil prices trending higher, it is not all that surprising to find that gasoline prices are following suit. Since the financial crisis lows at the end of 2008, the average US price for a gallon of unleaded has risen $1.42 per gallon. When adjusted for inflation, gasoline prices are once again above three dollars per gallon — a level not often seen over the past three decades.

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- Where’s the Dow headed? The answer may surprise you. Find out right now with the Barron’s recommended charts only available at Chart of the Day Plus.

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by Andrew Wilkinson, Senior Market Analyst at Interactive Brokers

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