Los Angeles Business Journal

Think Gas Prices Are Bad Now…

Tuesday, August 21, 2012

Rising gasoline futures are paving the way for more pain at the pump. The Wall Street Journal reports that gasoline futures have soared 19 percent over the past two months, setting in motion an increase in retail prices. Pump prices tend to lag behind moves in the futures market by several weeks, meaning drivers have yet to feel the full extent of the recent rally.