Here they are, out of context:
Crude oil prices:
Gasoline prices:
And an overlay for those who missed the correlation:
It is nice to finally have graphical representation of me being right: My rule of thumb is (mostly) valid.Every $25 to $30 on the price of a barrel of oil gives you about $1 on the price of a gallon of regular unleaded gasoline after a very short delay.
Click any of those charts to see them full-sized. A big ol' hat tip to Michael Shedlock for the first two.
No comments:
Post a Comment
I will review your comments prior to publishing them. Almost all comments are approved and published within a day or two. When you post a comment, Please bear in mind that you are addressing me personally. To be clear: I generally prefer clarity to agreement. Make your point, but be nice about it and don't annoy me, and you will likely see your comments published here.
Comment Moderation Statement