April 16, 2014:  Gasoline Prices adjusted for inflation are moving higher again. Will the price rise again stop at the falling red resistance line?

From Chartoftheday.com¹

As a result of ongoing geopolitical tensions as well and increasing global demand, the price of crude oil continues to trend higher. Over the past five months, the cost of one gallon of gasoline has gone up a significant $0.45 (i.e. 14%). Today's chart provides some long-term perspective in regards to gasoline prices by presenting the inflation-adjusted US price of one gallon of gasoline since 1980. There are a few points of interest. For one, geopolitical crises are often associated with major swings in the price of gasoline. It is also worth noting that, since the financial crisis, the resulting peaks of gasoline price spikes have been decreasing over time (see downward sloping red trendline). Also, gasoline price spikes have often occurred prior to an economic downturn and as a result the current spike is something to watch going forward.