Ronald White of tthe LA Times brings us this nugget via CalculatedRiskBlog: Since I haven't posted on gasoline prices in some time ... from Ronald White at the LA Times: Gas prices expected to fall "If oil remains low, the national average for gasoline will fall to $3.25 to $3.40 in the next two to three … Continue reading Possible Good News – A Gasoline Price Drop Would Help.
Calculated Risk sums up recent oil and gas prices nicely a few days ago (bold emphasis mine): Oil and gasoline prices are probably the biggest downside risk to the economy right now. Oil prices are off slightly today, from the WSJ: Oil Prices Ease The front-month July Brent contract on London's ICE futures exchange was recently down 35 cents, or … Continue reading What’s Up With Oil and Gas?
A casual reader/listener of many economics blogs, news stories, cable shows, and political speeches (in other words, the usual sources), would be forgiven for thinking that "inflation" is some awful comic-book super-villain that constantly threatens society. It's as if they think that any momentary lapse in vigilance that allows perhaps a declining unemployment rate will … Continue reading Just What Is Inflation? Is A Monster Just Around The Corner?