Are you ready to pay double at the pump this summer? Because the experts are warning about a huge price spike as fuel inventories continue to shrink, especially as OPEC+ slashed oil production, and the Saudis are telling US short-sellers who are betting prices will fall to “watch out.”
The Energy Information Association expects the price of a barrel of oil to rise almost $10 above the current average, which will have a massive impact on gasoline prices all over the country. In some states, drivers are already paying over $4.90 per gallon, but the shock could be even bigger as seasonal demands pick up, according to Bloomberg. Adding to the worrying outlook, new research has found that US gas pipelines are at risk of outages and regulators are urging officials to take precautions before a nationwide disruption occurs.
To make things worse, national gasoline inventories dropped for the third straight […]
Excerpt Sourced From: americafirstreport.com
