/s/ owner of internal combustion engine passenger vehicle…
And here are three months of RBOB futures (April 2026 settlement):
If the $12 increase of oil price over end-February is sustained (i.e., 17% increase), then one should expect a 4.3% increase in consumer gasoline price by the end of next month, using Hakan Yilmazkuday’s pass through estimates (about 13 cents). Jim Hamilton’s rule of thumb of 2.5 cents for each dollar increase in oil prices implies a 12.3 cents increase.
