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J.P. Morgan Predicts ‘Cruel Summer’ of Gas Prices Above $6
Breitbart ^ | 05/19/2022 | Hannah Bleau

Posted on 05/19/2022 1:05:53 PM PDT by ChicagoConservative27

The U.S. national average for regular gas could top $6.00 per gallon in the coming months, J.P. Morgan predicted this week in a report titled “Cruel Summer.” The national average for regular gas has continued to climb for ten consecutive days, standing at $4.589 on Thursday. That reflects a 2 cent increase over the last day, 17 cent increase over the last week, and a nearly 49 cent increase over the last month. What is more, J.P. Morgan predicts that it will only worsen in the coming months, topping $6.00 per gallon nationally.

“With expectations of strong driving demand … US retail price could surge another 37% by August to a $6.20/gal national average,” J.P. Morgan’s commodities research head, Natasha Kaneva, said this week.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bidenlegacy; gas; jpmorgan; prices; summer
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All part of the plan
1 posted on 05/19/2022 1:05:53 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

The Misery Index returns


2 posted on 05/19/2022 1:07:00 PM PDT by Regulator (It's fraud, Jim)
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To: ChicagoConservative27

We’re 83% of the way there in my area.


3 posted on 05/19/2022 1:08:27 PM PDT by Southside_Chicago_Republican (The more I learn about people, the more I like my dog. )
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To: ChicagoConservative27

Since the Democrats cheated their way to power, it’s been nothing but threats, gloom and dire warning as the American people get economically gang raped.


4 posted on 05/19/2022 1:09:14 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: ChicagoConservative27

I’m sure you’ve heard that Washington state is upgrading their gas pumps for double digit ($10+) per gallon.

I can’t remember where, but it was suggested that a number of other states were doing the same.

Diesel is $7/gallon now in New York and New Jersey.


5 posted on 05/19/2022 1:12:44 PM PDT by Perseverando (Antifa, BLM, RINOs, Islamonazis, Marxists, Commucrats, DemoKKKrats: It's a Godlessness disorder!)
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To: ChicagoConservative27

Every DAY that this FAKE president remains in office has been cruel and unusual punishment for the USA and the world!

Only 976 days to go, Kids! *SPIT*


6 posted on 05/19/2022 1:15:47 PM PDT by Diana in Wisconsin (I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
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To: ChicagoConservative27

Winter of death.

Cruel Summer.

Yeah right.

It is prog ineptitude and stupidity.

Poisonous policies and intentional catastrophes.

If you tell the truth about what they do it is screaming in your face, banning, job threats and investigations from the party of diversity and inclusiveness.

What utter scum.

.


7 posted on 05/19/2022 1:18:20 PM PDT by TLI (ITINERIS IMPENDEO VALHALLA)
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To: ChicagoConservative27

Pinging Bananarama!

8 posted on 05/19/2022 1:22:04 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: ChicagoConservative27

They make it sound like folks will be paying it.

Folks will be losing jobs and all sorts of chaos will ensue.

Wait till diesel gets so expensive that the trucking industry shuts down.

I just heard that Averrit Trucking laid off 5000 employees and sold equipment.

Inflation and soaring gas prices have forced a North Carolina logging company to shut down after 37 years in business

https://www.businessinsider.com/inflation-gas-prices-forced-nc-logging-company-to-shut-down-2022-5?amp

Read the article. He ain’t the only one. He’s the one pulling trees, so the mills can make lumber, so the builders can build houses. No loggers. No lumber.

That’s that ripple effect thing or something, ain’t it.

Effing liberals, Soros the Nazi Collaborator and the WEF are being allowed to destroy this country every day and Republicans , across the board, do nothing.

The Democrats did everything in their power to stymie President Trump. Republicans do nothing but beg for votes so they can do something next time.


9 posted on 05/19/2022 1:31:17 PM PDT by qaz123
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To: ChicagoConservative27

I think it will hit $9 here in Cali.


10 posted on 05/19/2022 1:32:32 PM PDT by Intar
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To: dragnet2

And if Republican Governors and legislatures stood together like the Left does, all of this could be solved quickly.

But when you have guys like Hutchinson, Kemp, Dewine and others that will never happen.


11 posted on 05/19/2022 1:33:03 PM PDT by qaz123
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To: ChicagoConservative27; All

“ With expectations of strong driving demand … US retail price could surge another 37% by August to a $6.20/gal national average,” J.P. Morgan’s commodities research head, Natasha Kaneva, said this week.

I’d like to ask Natasha where she expects the strong driving demand to come from. Folks taking vacations and driving there. There’s no baby formula on the effing shelf and this nitiwit thinks folks will be worried about driving down to the Florida panhandle for a vacation.

Truly out of touch folks out there making ridiculous statements.


12 posted on 05/19/2022 1:35:29 PM PDT by qaz123
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To: ChicagoConservative27

Yet plastic Pelosi said that come hell or Highwater they are going to maintain Congress! Makes your wonder what kind of Mischief fraud is coming our way in November. Oh yeah, forgot, Pennsylvania is already showing us how election night is going to be handled. Remember it’s who counts the votes that matters. You will not know who won that night for days and weeks while they fix the votes. The FIX IS IN! She just showed her cards again like she did in the 2020 presidential election. She guaranteed her base and the nation a 100% Biden victory. She knew it was fixed!


13 posted on 05/19/2022 1:40:19 PM PDT by RoseofTexas
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To: ChicagoConservative27

I filled o our one remaining vehicle up this week at $6.05/gal for regular.

There was a Trump sticker, (miss me yet!) and a Brandon Sticker saying I did that on the gas dispenser.

Our total cost was $81.

While filling our vehicle, a guy, 3 gas pump stands away was cursing loudly and yelling about going broke thanks to Biden and democrats. He apparently had pumped over $100 into his pickup and had more to go.

A guy one row of pumps from me in a loud voice said, “Fricking pump shut me off at 10 gallons!” Another guy said, “That is the maximum your credit card will allow until you pay your bill!”

I finished and left before anyone became violent.

PS: The station had a new electronic sign that will show 5 digits of gas prices.

The idiot in front of me was cleaning his car windows and laughing. Another customer told the laugher, that he was a flipping idiot. I decided that it was time to leave and drove by the laughing one.


14 posted on 05/19/2022 1:43:14 PM PDT by Grampa Dave (,JUST LEAVE US ALONE!...Be whatever, you think you are!!!! On YOUR Time and Dime, NOT OURS!)
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To: ChicagoConservative27

Sounds pretty weak and lame, the target for Gasoline is $10 a Gallon by September.


15 posted on 05/19/2022 1:44:04 PM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: dfwgator
That was a great summer time song from about 1982 or so.

Bananarama - Cruel Summer

16 posted on 05/19/2022 1:46:02 PM PDT by SamAdams76 (2,926,310 Active users on Truth Social)
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To: ChicagoConservative27

Okay, everybody back to working at home to save money on gas!


17 posted on 05/19/2022 1:51:16 PM PDT by Cecily
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To: Regulator

I predicted revolution at 5 dollars.

I also predicted Connecticut gun owners would storm the governors mansion of they had to register firearms.

Don’t take me to the track.


18 posted on 05/19/2022 1:51:39 PM PDT by Celerity
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To: Intar

Diesel will be 8 by august and gas 7.30 in San Jose CA.


19 posted on 05/19/2022 1:52:38 PM PDT by SPDSHDW (You get what you let occur with no resistance. Everything Joepedo n' felons do is on your head.)
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To: ChicagoConservative27
Well, of course, the "severe winter of death" didn't pan out so they rescheduled it to a "cruel summer".
20 posted on 05/19/2022 1:53:53 PM PDT by Boogieman
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