{"id":1484763,"date":"2022-05-19T17:15:13","date_gmt":"2022-05-19T21:15:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1484763"},"modified":"2022-05-19T17:15:23","modified_gmt":"2022-05-19T21:15:23","slug":"nationwide-gas-prices-could-hit-staggering-new-high-by-august-top-u-s-bank-analyst-says","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nationwide-gas-prices-could-hit-staggering-new-high-by-august-top-u-s-bank-analyst-says\/","title":{"rendered":"Nationwide Gas Prices Could Hit Staggering New High By August, Top U.S. Bank Analyst Says"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fnationwide-gas-prices-could-hit-staggering-new-high-by-august-top-u-s-bank-analyst-says%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1484763&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/05\/gas-scaled.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<div class=\"e1nzmkc90 css-1s0j25g\">\n<p>Analysts at a top U.S. bank are warning that nationwide gas prices could skyrocket from their current $4.589 average per gallon to more than $6 per gallon by the end of summer.<\/p>\n<p>Natasha Kaneva, head of global oil and commodities research at JPMorgan, <a href=\"https:\/\/www.cbsnews.com\/news\/gas-prices-could-reach-6-a-gallon-by-summer-jpmorgan\/\">wrote<\/a> in a research document that the U.S. was in for a \u201ccruel summer\u201d as gas prices were expected to continue smashing records.<\/p>\n<p>\u201cWith expectations of strong driving demand \u2014 traditionally, the U.S. summer driving season starts on Memorial Day, which lands this year on May 30, and lasts until Labor Day in early September \u2014 U.S. retail price could surge another 37% by August to a $6.20\/gallon national average,\u201d she wrote.<\/p>\n<p>\u201cTypically, refiners produce more gasoline ahead of the summer road-trip season, building up inventories,\u201d the analysts said. However, over the last several weeks, \u201cgasoline inventories have fallen counter seasonally and today sit at the lowest seasonal levels since 2019.\u201d<\/p>\n<p>Gas prices continue to break records on a continual basis during Democrat President Joe Biden\u2019s administration, with the average price for a gallon of gas being more than $4 per gallon in every state across the U.S.<\/p>\n<p>The news comes as some places have already <a href=\"https:\/\/www.foxla.com\/news\/average-la-county-gas-price-hits-record-high\">started<\/a> to experience gas prices of more than $6 per gallon, including Los Angeles County and Orange County.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at a top U.S. bank are warning that nationwide gas prices could skyrocket from their current $4.589 average per gallon to more than $6 per gallon by the end<\/p>\n","protected":false},"author":102,"featured_media":1484798,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1484763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1484763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/102"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1484763"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1484763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1484798"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1484763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1484763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1484763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}