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Gas Prices Are TANKING, Here's What That Means for the Economy
Manage episode 437889856 series 2679639
Wholesale gasoline prices plunged in August to their lowest since the start of the year. This sounds like a positive, both for consumers as well as Fed policymakers and the disinflationary impact on consumer prices. But refinery margins have crashed to their lowest in three and a half years which instead points to more and bigger trouble.
Eurodollar University's Money & Macro Analysis
CNBC Oil prices ease on US gasoline demand worries, economic data
https://www.cnbc.com/2024/05/29/oil-rises-as-major-producers-expected-to-keep-output-cuts-in-place.html
The Globe & Mail Crude Prices Fall on Energy Demand Concerns and Increased Russian Crude Exports
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
888 epizódok
Manage episode 437889856 series 2679639
Wholesale gasoline prices plunged in August to their lowest since the start of the year. This sounds like a positive, both for consumers as well as Fed policymakers and the disinflationary impact on consumer prices. But refinery margins have crashed to their lowest in three and a half years which instead points to more and bigger trouble.
Eurodollar University's Money & Macro Analysis
CNBC Oil prices ease on US gasoline demand worries, economic data
https://www.cnbc.com/2024/05/29/oil-rises-as-major-producers-expected-to-keep-output-cuts-in-place.html
The Globe & Mail Crude Prices Fall on Energy Demand Concerns and Increased Russian Crude Exports
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
888 epizódok
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