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Commentary Topic from greenfaucet

Pondering Further Gasoline Price Hikes

Real-time Monetary Inflation (per annum): 8.5% Two weeks ago, we pondered the odds of further gasoline price hikes (see "Playing The One-Armed Bandit Gas Pump"). In a nutshell, the odds then seemed long for much more upward momentum in gasoline prices. We, in fact, gauged the probability of a dime increase in the price of petrol by month's end at only 33.3%.