The price of gasoline is tied to the price of oil. Both commodities
endured a long losing streak that started in the first half of 2014, but
since bottoming out in the first quarter of 2015, each has recovered a
large chunk of lost ground.
In just the past few trading days, nearly all of the major broad-market
indices for U.S. stocks — both large cap and small cap — have reached
record levels. The only one we’re still waiting on is the Dow Jones
industrial average, which is a relative slacker by comparison because it
hasn’t managed to set a new high-water mark since last month.