$6 gas could spread nationwide, JPMorgan warns
CNN Business/Matt Egan and Chris Isidore/5-27-2022
The startling forecast comes as US gas prices have surged to record highs in the aftermath of Russia’s invasion of Ukraine, casting a shadow over the economy. ‘There is a real risk the price could reach $6+ a gallon by August,’ Natasha Kaneva, head of global oil and commodities research at JPMorgan, told CNN in an email on Tuesday.”
USAGOLD note: The national average is now $4.52 per gallon. If the price goes to $6 by August, it would amount to a 37% increase in two and half months. The public howl over inflation would likely become very loud.
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