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Wholesale gas prices are tumbling and we should see about half the country with retail pump prices below $4/gal on Election Day. Three of those states - - IN, GA, and NC - - are sub-$4/gal thanks to tax suspension but they'll be joined by some red & blue states in next 5 days.
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Wholesale inflation much hotter than expected as soaring energy costs threaten price hikes through holidays
Wholesale US inflation soared in September, its biggest jump in four years as affordability remains a top issue ahead of midterms
Wholesale inflation rose more quickly than expected last month on a big jump in fuel costs, a sign that stubbornly rising prices remain an economic challenge for consumers and a political problem for Republicans in the midterms.
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wholesale gasoline prices appear to be reacting to the potential diesel export controls- California wholesale gas prices hit 30-day highs, along with NY region and Gulf region. I'll keep watching, but as I mentioned earlier, touching diesel exports could do this *exactly*
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Wholesale Gas Prices Are Reaching Consumers Faster, ECB Says
Wholesale inflation jumped 0.4% in August as energy costs surged, pushing annual PPI to 5.4%. Core prices remain elevated, while sharp increases further up the supply chain could signal more inflation ahead.
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Wholesale inflation has been stirred up again by Iran war and high oil prices. Enough to guarantee a Fed interest-rate hike next week? No. But the PPI tips the scales in that direction. CPI report on Friday will be the decider. via @MarketWatch
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Wholesale diesel a record high... $4.93
It was $2.05 in January
Wholesale inflation rises by most in 3 months ahead of Fed interest-rate decision
