Some of the price jumps are related to marketing and consumer expectations.
He finds that a price jump has less of an effect if prices had been high at some point in the preceding three years.
Given that we remember, all too well, paying more than four dollars a gallon in 2008, the recent price jump may be less disastrous.
And that, in Wall Street's perverse way, may help explain last week's price jump.
In dollar terms, the overnight price jump was from 13 cents to $4.
I looked up at the electronic screens and saw the price jump to $60.50 "You're making all kinds of money now," he said.
No protest vote means approval of the price jump.
The price jump, which went into effect on March 1, is necessary to shore up the museum's finances, Met officials say.
The price jumps are now spilling over into financial markets.
Traders said the price jump contributed to a decline in both stock and bond prices as the two markets opened.