But since at least May, the margin between crude and wholesale gas prices has increasingly shrunk, according to AAA's Fuel Gauge Report, a daily updated indicator of retail gasoline prices.

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Although it would definitely be useful to know your car's fuel mileage (a decline in miles per gallon is a good indicator of potential problems), I'm not dedicated enough to enter every single gasoline purchase.

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Additionally, the disappointing jobs report will provide the Federal Reserve, which also overemphasizes the employment picture as an important indicator, with reason to continue with its quantitative easing program, additional fuel for the economy.

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