Long rambling on CNBC, again, about another rise in the price of gasoline. Cue up Connie Francis. And this rise in gasoline has occurred even as WTI has dropped from almost $100 to now, almost $92. Usually when oil drops this much, the neighborhood service station lowers her price on regular gasoline. That hasn't happened this week.
Nationwide average: $3.75. I've talked about the "average" in the past. Doesn't tell the real story. This is where one should follow price of gasoline: California (Los Angeles, specifically); Chicago; and, New York City. Los Angeles would love to see $3.75 gasoline.