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GasBuddy News Article

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Gas price plunge keeps wholesale inflation tame

USA Today -- Cheaper gas drove down a measure of wholesale prices in November for the second straight month, a sign inflation remains in check.

The producer price index, a closely watched measure of wholesale price trends, fell 0.8% last month. It's the steepest drop since May, the Labor Department said Thursday. That follows a 0.2% decline in October. The index measures the cost of goods before they reach the consumer.

Gas prices fell last month by the most in more than three years. Food prices, however, rose by the most in nearly two years, pushed higher by costlier beef and vegetables.

And the price of gasoline for consumers is expected to keep falling through year-end. In the past year, wholesale prices have increased 1.5%. That's the lowest annual pace in four months.



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Submitted Dec 14, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas price plunge keeps wholesale inflation tame Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,330
Points:2,442,140
Joined:Nov 2008
Message Posted: Dec 20, 2012 3:51:56 AM

prices need to drop more. Esp. diesel hasn't budged a bit, while gas dropped about 35 to 40 cents.
boldrph
Champion Author Topeka

Posts:22,304
Points:4,257,490
Joined:Oct 2002
Message Posted: Dec 15, 2012 12:15:13 PM

topeka is at our lowest price since late december of 2011
Today 3.020 3.264
Yesterday 3.034 3.275
One Week Ago 3.102 3.355
One Month Ago 3.160 3.450
One Year Ago 3.121 3.263
SkooterG
Champion Author Phoenix

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Joined:May 2012
Message Posted: Dec 15, 2012 12:18:25 AM

More good news. Keep it coming.
mcmonsta
Champion Author Honolulu

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Message Posted: Dec 14, 2012 10:16:28 PM

if w could get 1% drop every other week, its 26 %.i'll take it
NorthglennBill
Champion Author Denver

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Message Posted: Dec 14, 2012 10:10:10 PM

Gasoline price will always effect inflation - usually effects it more in a bad way than in a good way.
rahcat
Champion Author Grand Rapids

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Message Posted: Dec 14, 2012 10:07:23 PM

Enjoy it while you can.
UpSol7
Champion Author Augusta

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Message Posted: Dec 14, 2012 10:06:40 PM

funny how corn factors ini both, because of feed grain based ethanol beef costs more
boatfloyd
Champion Author Jacksonville

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Message Posted: Dec 14, 2012 10:05:05 PM

What goes down will go up.
oas
Champion Author Maryland

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Message Posted: Dec 14, 2012 10:04:52 PM

I think plunge is too strong a word.
cheaper0ON
Champion Author Ontario

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Joined:Jan 2012
Message Posted: Dec 14, 2012 10:02:17 PM

Ok.
bra0712
Champion Author Arizona

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Message Posted: Dec 14, 2012 9:55:57 PM

got to love this economy
darkknight1
Champion Author Winston-Salem

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Message Posted: Dec 14, 2012 9:55:33 PM

Needs to drop more.
vibdata
Champion Author Massachusetts

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Message Posted: Dec 14, 2012 9:55:07 PM

Ludicrous article. Inflation is horrid.
jorod55
Champion Author California

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Message Posted: Dec 14, 2012 9:54:20 PM

I'm watchin daily.

But I'm not holdin my breath.
Bus936
Champion Author Lexington

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Message Posted: Dec 14, 2012 9:54:12 PM

Pump prices need to come down and STABILIZE.
benjy
Champion Author Chicago

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Message Posted: Dec 14, 2012 9:53:35 PM

no doubt...
nimpy
Champion Author Indianapolis

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Message Posted: Dec 14, 2012 9:53:11 PM

They will go back up
Marson
Champion Author Scranton

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Message Posted: Dec 14, 2012 9:52:01 PM

Good news!
Doomsday64
All-Star Author Austin

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Message Posted: Dec 14, 2012 9:52:00 PM

Keep those prices falling.
mrbee
Champion Author Little Rock

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Message Posted: Dec 14, 2012 9:51:43 PM

It will go back up.
rick_evans
Champion Author Boston

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Message Posted: Dec 14, 2012 9:51:26 PM

good start
kbierley
Champion Author Dayton

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Message Posted: Dec 14, 2012 9:50:16 PM

For Now.....
rodzilla123
Champion Author San Diego

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Message Posted: Dec 14, 2012 9:50:13 PM

Lets all just hope it keeps falling.
GigHarborHound
Champion Author Tacoma

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Message Posted: Dec 14, 2012 9:47:39 PM

Just wait!!
gamalerin
Champion Author Tampa

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Message Posted: Dec 14, 2012 9:46:21 PM

More bad news.
mstearno
Champion Author Dayton

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Message Posted: Dec 14, 2012 9:46:01 PM

we'll all get it soon
Will Obama blame himself this term?
scubadaniel
Champion Author Dayton

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Message Posted: Dec 14, 2012 9:43:50 PM

The government still wants us to pay the same as Europe.
REKEY
Champion Author South Carolina

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Message Posted: Dec 14, 2012 9:40:35 PM

Define tame!
WeasleyOC
Champion Author Orange County

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Message Posted: Dec 14, 2012 9:39:12 PM

Just wait, Obummer will find a way to screw it up.
camel1
Champion Author Minnesota

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Message Posted: Dec 14, 2012 9:37:17 PM

ok
CCLighthouse
Champion Author Hartford

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Message Posted: Dec 14, 2012 9:34:34 PM

Food prices here are still going up even though we have had some fuel price drop. : (
hank1326
Champion Author Los Angeles

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Message Posted: Dec 14, 2012 9:28:28 PM

Over $50 to fill up the tank is no bargain.
MRED3
Champion Author Jacksonville

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Message Posted: Dec 14, 2012 9:28:01 PM

Food Prices are still going up.
BREW9
Champion Author Tampa

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Message Posted: Dec 14, 2012 9:26:14 PM

good
jackster111
Champion Author North Carolina

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Message Posted: Dec 14, 2012 9:24:28 PM

okay nice
KhelbenArunson
Champion Author Michigan

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Message Posted: Dec 14, 2012 9:23:19 PM

Good it should be in freefall.
bojiway1
Champion Author Minnesota

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Message Posted: Dec 14, 2012 9:23:04 PM

Ok, I hope it keeps going down
bpj13
Champion Author North Carolina

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Joined:Oct 2009
Message Posted: Dec 14, 2012 9:18:33 PM

It all evens out. When one price drop on something another goes up.
seahawks
Champion Author Washington

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Message Posted: Dec 14, 2012 9:16:18 PM

but wait until next summer driving season!!!
Spankster85
Champion Author Chicago

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Message Posted: Dec 14, 2012 9:16:09 PM

Keep those prices falling.
JimVP
All-Star Author Chicago

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Message Posted: Dec 14, 2012 9:13:06 PM

Not too long ago these prices were considered expensive.
Dragnet
Champion Author Arizona

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Message Posted: Dec 14, 2012 9:12:26 PM

Just another mind-bending story to buffalo the public. Price drop isn't happening nationwide.
barbs24
Champion Author Virginia Beach

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Message Posted: Dec 14, 2012 9:11:29 PM

It's time - and timely.
fuelsaverMN
Champion Author Twin Cities

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Joined:Mar 2011
Message Posted: Dec 14, 2012 9:11:25 PM

Let's pray that prices continue to go down on gas for our vehicles.But i wouldn't hold my breath after nobama is the next president.
wayoung56
Champion Author Alabama

Posts:6,046
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Joined:Oct 2006
Message Posted: Dec 14, 2012 9:01:27 PM

Hmmm...
wulf2000
Champion Author Miami

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Joined:May 2005
Message Posted: Dec 14, 2012 8:57:54 PM

The price of food is going up.

The writer of this article is wrong.
Blue48
Champion Author Illinois

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Message Posted: Dec 14, 2012 8:56:19 PM

KEEP DROPPING!
pgerassi
Champion Author Milwaukee

Posts:14,292
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Joined:Apr 2007
Message Posted: Dec 14, 2012 8:55:19 PM

People only think of what went up, not what stayed the same or dropped. Food is higher due to greed of the CIF issuers and their buddies.
suzmar
Champion Author Texas

Posts:3,497
Points:1,463,315
Joined:Jun 2006
Message Posted: Dec 14, 2012 8:50:21 PM

How come big jumps in the price of gasoline does not translate to higher inflation. According the fed we don't have an inflation problem, even when gasoline was about $4.00 a gallon.
gwill76
All-Star Author Orlando

Posts:940
Points:1,941,970
Joined:May 2008
Message Posted: Dec 14, 2012 8:49:07 PM

Less than ONE percent is NOT a plunge....
exilion
Champion Author Missouri

Posts:12,910
Points:2,822,485
Joined:Aug 2003
Message Posted: Dec 14, 2012 8:47:01 PM

Plunge? I'd say decline.
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