Here’s how:
Since gasoline prices normally rise in April, the 5.6 percent increase in gasoline prices for the month was turned into a 2 percent drop after the government adjusted for normal seasonal variations — little comfort to people now paying pump prices that hit a new national record of $3.758 per gallon on Thursday, up nearly 40 cents in the past month.
Beyond the major jiggering with economic figures that Kevin Phillips has documented, this is more “normal” jiggering.
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