Chart of the Day
Increasing demand and Hurricane Katrina have resulted in soaring gasoline prices. Today’s chart takes a look at how the stock market has responded to significant increases in gasoline prices over the past 25 years. As the chart shows, the stock market has tended to struggle following a year-over-year increase of more than 15%. Gasoline has increased well over 15% over the past 12 months and has the potential of negatively impacting consumer spending. For example, a recent California poll shows that 40% have cut back on spending as a result of high gasoline prices. Stay tuned…
- What are our latest indicators and studies saying about future stock market trends? Find out with the exclusive long-term stock market charts, indicators, and studies of our premium service Chart of the Day Plus.
Source - BLS
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Quote of the Day
"My formula for success? Rise early, work late, strike oil." - John Paul Getty
Events of the Day
September 05, 2005 - Labor Day
September 11, 2005 - National Grandparents' Day
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