Gasoline could top $5 per gallon after midterm elections

2 years ago
1

In July 2022, the DOE Issued its fifth emergency notice of sale of Crude Oil from the Strategic Petroleum Reserve for a total of 20 million barrels from September 16 until October 21.
https://bit.ly/3eIqypr
I find it interesting the withdraws from the SPR will end just before the mid-term elections.

Recently, Treasury Secretary Yellin said the price of gasoline could go up to $5 per gallon this winter.
https://fxn.ws/3Dt2Aca

And JP Morgan’s Christyan Malek, the bank’s global head of energy strategy, is staying with his forecast of $150 a barrel.
https://bit.ly/3QH3BAw

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