Gas prices will surpass $6 nationwide by August, JPMorgan says

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JPMorgan analysts warned in a research note Tuesday that prices could surge another 37% by August, reaching a national average of $6.20 per gallon.

The Schork Group principal Stephen Schork says the U.S. doesn't have the oil refinery capacity to meet demand.is projected to surpass $6 by the of summer, according to a recent JPMorgan research note.

This is due to "expectations of strong driving demand" throughout the summer driving season, which spans from Memorial Day and lasts until Labor Day, the analysts, led by Natasha Kaneva, the head of JPMorgan's global commodities strategy team, wrote.

 

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A 76 Gas Station in Auburn, Washington reprogrammed pumps for 💸double digits 💸anticipation of higher prices💰. Rate of increase will put gas 💸prices over💸 $10 gallon💸 Next California 💸double digits💸Democrats love spending your money. 💸But wait till you have none💸

Buy fuel efficient vehicles. Gasoline will never be cheap again.

Already $5 in Phoenix

_XRpizza Ouchie

Where's 1.8T in Gas funding for the American People Joe?

😑

I am going to say July.

jpmorgan they can't be trusted

I said $5 by the 4th

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