Gas Hits $4.48 While Crude Falls. September CPI Books It.
The national average for a gallon of regular gasoline hit $4.4786 on Monday, September 21, per AAA, up about 40 percent from $3.2003 a year ago. That is the freshest print on my beat and the one that will do the most damage to an October household budget. The strange part is what sits behind it: crude oil futures fell on Monday, per market reports carried by the Sacramento Bee and the Herald-Sun, yet pump prices kept climbing. September CPI, due October 14 at 8:30 a.m. Eastern per the BLS release schedule, will book most of this move, and it will land after most of the driving season has already paid for it.
Key Takeaways The AAA national average for regular gasoline reached $4.4786 a gallon…
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