Chart of the Week: Gas Prices Provide an Early Christmas

Chart Gas Prices
A byproduct of the recent drop in crude oil prices has been a 17% decline in average unleaded gas prices over the past month. Over the same time frame, crude oil prices have fallen even more dramatically. The down move in gas prices should provide a boost to discretionary income of consumers, who often times could use some extra spending money around the holidays. The fall in oil and gas prices looks to be a function of supply and production levels and mirrors typical volatility in the energy commodity sector. Consumers should notice the savings at the pump at a time of year where it is much needed.