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U.S. gas prices jump 53% in 10 weeks, Charlie Bilello notes

U.S. gas prices jump 53% in 10 weeks, Charlie Bilello notes
U.S. gas prices hit 30-year surge

Charlie Bilello, chief market strategist at Creative Planning, reports that U.S. gas prices have climbed to $4.56 per gallon, their highest level since July 2022.

Over the past 10 weeks, prices have surged by 53%, rising from $2.98 to $4.56 per gallon. Bilello highlights that this marks the biggest increase seen in the last 30 years.

Bilello previously reported that U.S. gas prices jumped to $4.39 per gallon, marking the largest nine-week increase in three decades. In a separate analysis, he noted the U.S. bond market is experiencing a 69-month drawdown, the longest on record. The recent surge in gas prices follows a period of persistent strain in key financial indicators.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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