JPMorgan Warns U.S. Gasoline Could Hit $5 Per Gallon as Refineries Prioritize Jet Fuel

GateNews
According to JPMorgan Chase analysts on May 8, U.S. gasoline prices are "entirely possible" to rise to $5 per gallon as refineries prioritize aviation fuel production at the expense of other petroleum products. The current price has already reached $4.55 per gallon. Analysts noted that refineries are maximizing jet fuel output due to energy crisis impacts, typically resulting in reduced diesel production, with spillover effects on gasoline supply. The report suggests that if refinery operations remain constrained by limited crude oil supply, fuel prices could become a primary transmission channel for demand destruction, with crude potentially stabilizing near $100 per barrel.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments