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Add as a preferred source on GoogleJeff Weniger Links New York Harbor Gasoline Peak to Lower Inflation
He viewed the April peak as a sign of a possible easing trend over coming months, not a forecast for a particular CPI release.
Jeff Weniger said New York Harbor gasoline had peaked in April, a development he viewed as a possible sign that U.S. inflation could ease over the coming months.
The latest U.S. Consumer Price Index (CPI) report showed consumer prices rose 0.4% in October from September, while gasoline prices increased 1.0%. The report did not include 12-month changes for affected indexes because October 2025 data were unavailable.
The next CPI release is scheduled for Dec. 10 at 8:30 a.m. ET.