
Gasoline prices have been trending downward, marking the seventh consecutive week of declines. Jeffrey Gundlach has observed that gasoline prices tend to follow WTI prices, suggesting that the energy sector may not contribute significantly to inflation in the near term. Gundlach also speculates that a falling Consumer Price Index (CPI) might prompt the Federal Reserve to discuss the possibility of undershooting their inflation target if current commodity prices persist. As gasoline prices slide, Jefferies notes that this trend could influence stock market behavior.
Gasoline prices tally a 7th straight week of declines https://t.co/VOAOha3DI4 via @marketwatch
As gasoline prices slide, here’s how the stock market tends to respond says Jefferies https://t.co/GpwpaPrVIe
“Not surprisingly, gasoline prices follow WTI prices,” Jeffrey Gundlach says. “We see that there’s good logic to believe gasoline prices could be coming down. So not a lot of inflation coming from the very important energy sector.” https://t.co/G7ELu72VkM
