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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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To: qaz123

“Republicans , across the board, do nothing”

That’s not true. Sometimes the Republicans cross the aisle to help!


21 posted on 05/19/2022 1:55:49 PM PDT by Boogieman
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To: ChicagoConservative27

$6 gas, power blackouts, no baby food on the shelves and sky high inflation. Way to go Brandon. If this keeps up only the dead and certifiably crazy people will be voting Democrat


22 posted on 05/19/2022 1:57:42 PM PDT by The Great RJ
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To: ChicagoConservative27
All part of the plan

Exactly right.

Biden and John Kerry and Pelosi and Schumer and the climate-change shysters, will be raising their champagne glasses for a toast of their success in killing fossil=fuels.

The plan doesn't care who gets hurt along the way, and if people starve because they can't drive with expensive gas and the store shelves are empty, then, it's also part of the plan, because, people dying of starvation helps the planet.
23 posted on 05/19/2022 2:11:25 PM PDT by adorno
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To: Boogieman

My bad.


24 posted on 05/19/2022 2:15:09 PM PDT by qaz123
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To: dragnet2

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.

Excellent!


25 posted on 05/19/2022 2:49:30 PM PDT by wardamneagle
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To: dragnet2

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.

Excellent!


26 posted on 05/19/2022 2:50:00 PM PDT by wardamneagle
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To: SamAdams76

God, I miss the 80s!


27 posted on 05/19/2022 2:52:03 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: ChicagoConservative27
That equates to 8-10 dollar diesel.

Everything you buy, food, meds, clothing, Amazon, home building supplies, is shipped by diesel truck or diesel train then truck.

Going to get interesting.

28 posted on 05/19/2022 3:43:57 PM PDT by Newbomb Turk
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To: dfwgator
Hey...they aint bad in the 2020 either, pal:
29 posted on 05/19/2022 4:00:48 PM PDT by DCBryan1 (Delete FB, TWTR, GOOGL, AMZN, YHOO, Gmail/chrome. Use Gab, Brave + DDG, VPN, Freerepublic )
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