This blog post comes from CNBC energy producer Judy Gee.
Today's CPI report revealed energy prices had fallena half percent in February, which stood in contrast to the 0.7 percent gain in January. In separate data, the Energy Dept. reported that heating oil, natural gas and diesel fuel all rose last month, but retail gasoline on average fell by a penny.
Quite puzzling to say the least, because if you've filled up your tank recently, then you've probably noticed that we now have summertime gas prices here at the end of winter--but worse. We're now up to a national average of $3.28 a gallon for regular unleaded gasoline, the highest price ever recorded.