WTI Squeezes Above $52 As Gasoline Prices Start 2015 With Biggest Surge In A Decade

Submitted by Tyler Durden on 02/03/2015 13:00 -0500

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Great news!! Oil prices have "bottomed" and WTI is up over $52 now... from under $44 just last week. But... gasoline prices have surged almost 24% in the last 3 weeks... the biggest seasonal rise in over a decade. 

Oil prices are rising and saving stocks...

But gasoline prices are soaring...

Does the US consumer want rising or falling oil prices?

Charts: Bloomberg

Average: