September 5, 2022
IT'S IMPOSSIBLE TO OVERSTATE DEFLATIONARY PRESSURES:
Gasoline prices are expected to continue to fall after Labor Day and some states could see below $3 (Patti Domm, 9/05/22, CNBC)
Gasoline prices are expected to continue their more than two-month decline over the three-day holiday weekend, as Americans drive less and continue to conserve fuel.Prices have been falling since the national average for unleaded gasoline peaked at just under $5.02 per gallon on June 14. The price at the pump Monday was $3.79 per gallon nationally, according to AAA."I think the good news is going to keep going for now," said Patrick DeHaan, head of petroleum analysis at GasBuddy. Gasoline prices should continue to decline into the fall, barring a refining disruption, he noted.
Keep them at $6 via gas taxes.
Posted by Orrin Judd at September 5, 2022 12:07 PM