With gasoline futures at records a nationwide average of 3 at the pump is likely in the near-term.
More Quotes from Jason Schenker:
On a national average, we could hit 3.25 at the pump easily, potentially even by this weekend, ... This is going to cut into consumer demand.Jason Schenker
Despite the news of escalation, I think the market does not believe it's going to have a real impact on supplies.
Jason Schenker
Truth be told, by the government's own study, this would have a minimal impact on price, decades in the future.
Jason Schenker
You've got (U.S.) supplies coming from a lot of places more imports, more refinery capacity and more production from the Gulf of Mexico, and that's pulling down prices in the short term.
Jason Schenker
Although consumers care about headline inflation, it's not the Fed's priority. The Fed has its eye on the core.
Jason Schenker
Geopolitical power is moving from energy consuming countries to the producers. We may see more of these supply shocks in the years ahead.
Jason Schenker
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