Gas Prices Are TANKING, Here's What That Means for the Economy

Wholesale gasoline prices plunged in August to their lowest since the start of the year. This sounds like a positive, both for consumers as well as Fed policymakers and the disinflationary impact on consumer prices. But refinery margins have crashed to their lowest in three and a half years which instead points to more and bigger trouble. Eurodollar University's Money & Macro AnalysisCNBC Oil prices ease on US gasoline demand worries, economic datahttps://www.cnbc.com/2024/05/29/oil-rises-as-major-producers-expected-to-keep-output-cuts-in-place.htmlThe Globe & Mail Crude Prices Fall on Energy Demand Concerns and Increased Russian Crude Exportshttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU