GAS PRICES HIT HIGHEST LEVEL EVER FOR THIS TIME OF YEAR…. | PRAGMATIC CAPITALISM

Here we go again…I’ll update the inflation outlook tomorrow, but this is the big risk I discussed to the disinflation outlook. Gas prices are surging again (via Huffington Post):

“At $3.53 a gallon, prices are already up 25 cents since Jan. 1. And experts say they could reach a record $4.25 a gallon by late April.

“You’re going to see a lot more staycations this year,” says Michael Lynch, president of Strategic Energy & Economic Research. “When the price gets anywhere near $4, you really see people react.”

* username: rupertbu