Gas prices jump to $3.50 a gallon in January, pose threat to Fed’s inflation fight

MarketWatch/Joy Wiltermuth/1-26-2023

“U.S. gasoline prices have shot up an unusually strong 9.2% in January to average about $3.50 a gallon as of Thursday, which could throw a wrench in the Federal Reserve’s inflation fight, according to Bespoke Investment Group.”

USAGOLD note: A January, pre-meeting surprise the Fed is unlikely to appreciate.