$6 a Gallon Gasoline? Here’s How It Could Happen.

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…

Why U.S. motorists suspect price gouging at the pump — and how much service stations actually profit from a gallon of gas

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…