Here in Dallas at my local Exxon yesterday regular unleaded was $2.95 this morning its $3.05. Hang on to your hats folks it gonna get rough, but dont worry the government says inflation is fine wink wink!
Next month CPI-PPI will blow the cover off the ball, maybe. That is unless they tinker with the weightings, and Im sure every thing will point to benign inflation, but we ll know the real story as we buy and spend everyday.
It's funny, the June gasoline futures dropped by 10 cents yesterday. I know that the futures market and vertically integrated oil companies are totally devoid of speculators, price gougers, and other dishonest persons, so you should see this 10 cent decrease at the pump within the next few days.
I've seen it between $3.55-$4 here in the Chicagoland area. Man, too bad one couldn't buy gas at the cheap place and sell it at the more expensive pump!