Provided by Taylor McClish
Over Memorial Day weekend, gasoline prices hit the highest for this holiday weekend since 2014.1
With the Colonial Pipeline outage in the rear-view mirror and an
ever-increasing number of adults vaccinated, formerly cooped-up motorists made
the most of what America has to offer. The average price jumped to $3.04 per
gallon ($1.08 higher than last year’s lockdown prices) and oil prices have
continued to demonstrate high demand in the week following. The Wall Street
Journal noted a two-year peak on June 1, indicating prices exceeding 2019’s
records.1,2
These new peaks are a sure sign that things in America are returning to something like a pre-COVID normal. While there’s still a way to go, these indicators point to something like the world we once knew.
While we’ll all miss the cheaper prices at the gas pump, it stands to reason that as we begin to emerge from this unprecedented period, that there’s a summer out there to be enjoyed. You might be taking advantage of the weather, but we’re still working for you. Let me know if you have any questions about these developments and how they might affect your financial strategy.
Taylor McClish may be reached at (503) 239-3060 or Taylor.McClish@cunamutual.com
Oregonians Financial Planning Website
Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc., is a registered broker/dealer in all fifty states of the United States of America.
This material was prepared by MarketingPro, Inc. for use by Taylor McClish.
Citations.
1. CNBC.com, May
27, 2021
2. Wall Street
Journal, June 1, 2021
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