Gasoline prices are closing in on $4 a gallon. Department of Energy data show the average price for regular gas in the U.S. is $3.84 per gallon. That's 98 cents higher than a year ago, and just an "average."
For all of us who have bought milk or Corn Flakes lately, the most relevant economic news this week will likely be data on prices. Both the consumer price index and the producer price index come out this week.