|Yesterday, China announced that it would increase both diesel and gasoline prices. As a result, the price of crude oil dropped $4.75, but still trades above $130 per barrel. With oil prices continuing to trade at historically high levels, it is not all that surprising to find that gasoline prices are following suit. Over the past four months, the average US price per gallon of unleaded has risen over one dollar per gallon. When adjusted for inflation, gasoline prices are at record highs and 18% above its old inflation-adjusted peak of 1981. Also, as illustrated by the today's chart, gasoline prices have spiked above a trend channel (see red line) that has been in existence since the beginning of the century.Notes:
- Which way are energy prices headed and what does it mean for interest rates and the stock market? Find out with the exclusive charts of Chart of the Day Plus.
Rate today's Chart of the Day
By voting every day you help us get you the charts you want to see.
Quote of the Day"Oil is like a wild animal. Whoever captures it has it." - Jean Paul Getty
Events of the DayJune 20, 2008 - First Day of Summer (North America)
June 23, 2008 - Wimbledon tennis tournament begins (ends July 6th) - US Women's Open golf tournament begins (ends June 29th)
July 01, 2008 - Canada Day
Stocks of the Day-- Find out which stocks investors are focused on with the most active stocks today.
-- Which stocks are making big money? Find out with the biggest stock gainers today.
-- What are the largest companies? Find out with the largest companies by market cap.
-- Which stocks are the biggest dividend payers? Find out with the highest dividend paying stocks.
-- You can also quickly review the performance, dividend yield and market capitalization for each of the Dow Jones Industrial Average Companies as well as for each of the S&P 500 Companies.
Mailing List InfoChart of the Day is FREE to anyone who subscribes.
To ensure email delivery of Chart of the Day, add firstname.lastname@example.org to your whitelist.
Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live, do follow, text link to the Chart of the Day homepage using the following HTML...
If your site provides a list of helpful links, we would appreciate it if you added a link for Chart of the Day at http://www.chartoftheday.com. However, Chart of the Day Plus charts are to be viewed by paying Chart of the Day Plus subscribers only and may not be republished.
Chart of the Day is provided to subscribers without warranty of any kind and accepts no responsibility for its accuracy or for any consequences of its use.