Come to give color
Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natasha Kaneva, J.P. Morgan’s head of global commodities research, prices could climb over $6 this summer. Why the rise? Sanctions…
Gas prices have continued their drive upward, with the nationwide average tipping past $4.50 a gallon on Tuesday. For the first time, motorists in all 50 states are typically paying more than $4 per gallon, as holdouts like Georgia and Oklahoma hit $4.06 and $4.01 respectively on Tuesday. The national average for a gallon of…
Oil-company executives will be on the hot seat Wednesday at a House subcommittee hearing as U.S. consumers across the country allege gasoline-price gouging at the pump, where drivers last month paid record-high prices per gallon. The rise in the cost for gasoline came amid a spike in crude-oil prices CLK22, -0.04% CL.1, -0.04% to their…