Same with diesel: at [image-nocss] retail up just 1.34 cents per gallon, to $3.1368, about to eat sand as oil's $5.16-per-barrel price change crashes through.
It's fairly predictable that retail prices of gasoline and diesel will jump as much as 10 to 15 cents soon because an immediate crude oil reversal isn't promising. The main cause of oil and products' upcoming price hike continues to be Federal Reserve policy loosening the money supply, making the U.S. dollar less valuable and oil more so.
In the past two weeks, retail margin on gasoline fell by half. For now, margin is urgently bad, nationally just 7.6 cents per gallon on regular and 8.4 cents per gallon pooled.
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