Oil, Oil Everywhere
By Jeffrey Kleintop, CFA
For the third year in a row, the summer driving season kicked off with national gasoline prices at $3.67 per gallon, according to data from the U.S. Department of Energy. Prices at the pump are below the $3.80 – $4.00 danger zone where they contributed to economic soft spots in 2011 and 2012. But they may head higher with crude oil prices rising over $104 last week — well above the levels seen around Memorial Day weekend during the past couple of years. While the conflict in Ukraine may be fueling some of the...
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