An economist says he gave up forecasting oil prices. He swore off that after realizing his prognostications oh so many times missed the mark like a bent rifle.
Predicting pump prices is akin to flipping playing cards and saying the next one is an ace. You are right four times out of 52, about 7.6%. That won’t win seer-of-the-year honors.
But in one respect there is a “magic” number for gasoline prices, according to a new MaritzCX study on car-consumer behavior.
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