Monday, November 27, 2006

Retail gasoline prices finally ticked down again

I finally saw a tick down in the retail price of gasoline on Sunday after rising steadily for over a month. One day is not enough to indicate a trend, but I suspect that prices rose into the high-traffic Thanksgiving holiday period, and may now pull back again, at least a little.

If nothing else, the persistently high level of gasoline prices strongly suggests that the economy has some serious strength behind it even if not to the level of outright booming.

I am tempted to up my estimate of Q4 GDP growth to 2.5% from 1.7%, especially in the face of fairly strong Thanksgiving weekend retail sales.

-- Jack Krupansky


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Gasoline prices finally ticked again.Finally I saw a tick on the selling price of petrol yesterday after rising steadily for more than a month.costa rica fishingA day is not enough to indicate a trend, but I suspect that prices increased in high-traffic period of Thanksgiving vacation, and now they can pull back, at least a little.

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