zerohedge.com / by Tyler Durden on 11/26/2013 15:20 -0500
As we noted previously (here and here), the exuberance over ‘lower’ gas prices is a little overdone. Perhaps more worrying though, as Bloomberg’s Jo Brusuelas notes, wholesale gasoline futures are pointing to about a 5% rise in gasoline prices during the next few weeks. This would essentially erase the entire decline in gas prices seen since Sept. 1. As Brusuelas warns, because recent gains in inflation-adjusted personal disposable income on a per capita basis can be directly tied to falling gasoline prices, rising prices may come at an inopportune time for many larger retailers.