WP: Wholesale Inflation Contained by Low Gas Prices

Wholesale Inflation Contained by Low Gas Prices

By Daniela Deane
Washington Post Staff Writer
Friday, February 17, 2006; 12:30 PM

Falling gas prices helped stem a rise in wholesale inflation around the country in January, government figures released today showed. Gas prices have dropped below $2 a gallon in some spots around the country, although analysts warn the downward trend probably will not last.

snip

Core inflation, which does not take into account the volatile energy and food sectors, jumped by 0.4 percent in January, the biggest one-month rise in a year. January's moderate PPI rise was the result of falling energy prices, analysts said.

snip

The American Automobile Association reported today that nationwide gas prices have dropped to $2.260 a gallon for self-serve regular gasoline, down almost a penny from yesterday's $2.269.
The state of Missouri had the cheapest gas at $2.045 a gallon, the AAA said. But scattered consumers around the country are also reporting gas at less than $2 a gallon on fuel price Web sites.

In the Washington metropolitan area, gas averaged $2.339 a gallon today, down slightly more than a penny overnight.
"We wish we could keep that up," said Lon Anderson, mid-Atlantic spokesman for AAA. "It's been fun...

http://www.washingtonpost.com/wp-dyn/content/article/2006/02/17/AR2006021700589.html?nav=hcmodule

a hybrid.

And only the continuation of China's current economic policies, allowing us to keep borrowing boatloads of cash, is between us and economic collapse?

I feel better already...

The gas here in Kansas rose today from $1.93 to $2.09. Citgo is not any cheaper. Why doesn't Citgo charge less than the other stations? I'm sorry to burst your bubble but Citgo is just as bad as the rest.

:wtf:

I'm sorry, but LOW is what they were BEFORE the * cabal stole the WH... around a buck ten. That was tolerable. Two fifty a gallon is NOT low. :grr:

I had just returned from a trip from Italy that I could barely afford (I was out of work at the time, but wanted to "enjoy" unemployment a little)...and gas prices had "skyrocketed"

Little did I know...

said, in order for the propaganda to seep in you have to repeat it over and over again..

So lets repeat it....Two Fifty a gallon is low....Two Fifty a gallon is low....Two Fifty a gallon is low....(repeat again) Two Fifty a gallon is low....Two Fifty a gallon is low....:sarcasm:

but what used to cost about $240 at the grocery store now costs about $290, and Centerpoint Energy (gas) & Entergy (electricity) have just increased the base costs for their products in my area. It now costs me more to stay home than it cost me a few years ago to drive 45 minutes each way back & forth to work.

Now there's a bitter cold streak up and down the midwest and east.

February won't be as forgiving as energy prices make an upturn.

What world is this idiot reporter living in?