Today’s chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a couple points of interest from today’s chart. For one, Middle East crises are often associated with major swings in the price of gasoline. Also, gasoline price spikes have often occurred prior to an economic downturn. It is also worth noting that gasoline prices have declined $0.65 per gallon over the past eight months — a relative positive for both the economy and corporate earnings going forward.
Quote of the Day
“To keep a lamp burning we have to keep putting oil in it.” – Mother Teresa
Events of the Day
November 27, 2013 – Hanukkah (1st day)
Stocks of the Day
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