WTI Squeezes Above $52 As Gasoline Prices Start 2015 With Biggest Surge In A Decade

By Tyler Durden of Zero Hedge
Tuesday, February 3, 2015 2:16 PM EDT

Great news!! Oil prices have "bottomed" and WTI is up over $52 now... from under $44 just last week. But... gasoline prices have surged almost 24% in the last 3 weeks... the biggest seasonal rise in over a decade. 

 

Oil prices are rising and saving stocks...

 

 

But gasoline prices are soaring...

 

 

Does the US consumer want rising or falling oil prices?

Charts: Bloomberg

Copyright ©2009-2015 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time you engage ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.