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Inflation alarm: Gasoline prices are breaking out
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Thursday, January 07, 2010
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From The Big Picture:

I hate to take one commodity and declare there is inflation or deflation but overall inflation expectations help to drive inflation trends and gasoline prices at the pump is something that we see everyday and is likely one of the most high profile price indicators the average person is exposed to.

As of last night, the average gallon of gasoline according to AAA rose 2 cents breaking out to the highest level since Oct ‘08 at $2.70, a 67% rise over the past year. They still...

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More on inflation:

Treasury yields sound inflation alarm

Inflation alarm: Copper just blasted out to a new high

This key inflation indicator has exploded to the upside

Topics: Inflation | Energy | Commodities
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