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Year-over-year Declines in Motor Gasoline Prices Dampen Inflation Despite Motor Gasoline Prices Rising 10% from December 2022 to May 2023
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2023-06-26
[PDF-973.21 KB]
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Abstract:The retail price for motor gasoline reached an all-time high of $5.03 in June 2022 (Figure 1). As of May 2023, the price for motor gasoline has declined 27% from that record high.
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