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Gas prices up? All in your head, data says

Posted by midnightcraz on May 14, 2008

Gas Prices Up? The Government says, “You are just Imagining Things“..

WASHINGTON (Reuters) – High gasoline prices got you down? Come to the land of seasonal adjustment, where the sun is always shining and gas prices fell 2 percent last month.

What? You paid more? Well, in the real world, gasoline prices did rise by a sharp 5.6 percent in April from a month earlier, but the way that the Bureau of Labor Statistics adjusts the figures to smooth out seasonal oddities, it appeared to be down in the consumer price index released on Wednesday.

Gas prices up? All in your head, data says | U.S. | Reuters

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