Thursday, June 22, 2017

Gasoline Prices Falling? Depends On Source, I Guess -- June 22, 2017

CNN headline: we CAN drill our way to cheaper gasoline prices. A screenshot from today's CNN Money, on-line:

Just kidding, that was a fake headline. This was the real headline: Gasoline prices are falling fast.

That may be so, but the graph released today by The Wall Street Journal doesn't particularly support this factoid.

In fact, gasoline prices have barely budged for several months now, and gasoline is incredibly more expensive than what is was in February, 2016 ($2.28 / gallon today vs $1.69 then).

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