U.S. Gasoline Prices Ripe For Volatility ...Middle East

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U.S. Gasoline Prices Ripe For Volatility
After a relentless month’s-long climb, U.S. national average gas prices have stabilized, with the current price of $3.594 for a gallon of regular unleaded gasoline only 4 cents higher on a w/w and m/m basis but nearly 30% lower compared to year-ago levels.  Diesel prices have also declined, with the current national average of $3.907 good for a 33% Y/Y contraction. However, state-by-state prices are more volatile.  "We've seen some hefty gas price increases in several states in the Great Lakes and in Florida," Patrick DeHaan, senior…

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