This week’s Bespoke Report newsletter is now available for members.
Every week, we show numerous charts to illustrate key trends in the market and economy in order to try and make sense of whatever is going on in the market. These days, though, only one chart matters—prices at the pump. Heading into this weekend, the national average price of a gallon of gas approached $5, a level it will almost certainly breach over the weekend. Not only are prices at a record high, but the pace of increase has been unprecedented. Since the COVID lows, the national average price has nearly tripled. Since the start of 2021, prices are up 122%, and this year prices are up 52% in less than six months. For just about every issue facing the market these days, gas prices are in some way related to it.
We jus published this week’s report which covers the meteoric rise in gas prices, inflation, and all the other issues weighing on markets.
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