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Keyword: gasprices6agallon

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  • US Will Soon See Average Gas Prices Above $6 A Gallon, JPMorgan Says

    05/18/2022 12:59:29 PM PDT · by bitt · 52 replies
    DAILYCALLER.COM ^ | 5/18/2022 | thomas catanacci
    The average price of gasoline nationwide could reach $6 per gallon this summer, far above historic levels and near California’s current prices, an analyst at JPMorgan said Tuesday. “U.S. gasoline prices to break above $6,” Natasha Kaneva, JPMorgan’s head of global oil and commodities research, wrote in a note to investors titled “Cruel Summer,” according to Bloomberg. “Typically, refiners produce more gasoline ahead of the summer road-trip season, building up inventories. But this year, since mid-April, U.S. gasoline inventories have fallen counter seasonally.” The average pump price in California surpassed $6 a gallon on Tuesday, increasing more than 46% year-over-year,...