US Gasoline Prices Are Expected to Jump Again, Says Bank of America

US Gasoline Prices Are Expected to Jump Again, Says Bank of America
Gas prices are displayed at an Exxon gas station in Houston, Texas, on July 29, 2022. Brandon Bell/Getty Images
|Updated:
0:00

Despite gas prices falling to their lowest levels in weeks this month, Americans likely will face another spike at the pump toward the end of 2022, due to resiliently high demand, as global oil supplies continue to fall, warned Bank of America (BofA) economists.

U.S. gasoline prices have fallen to $3.90 a gallon in the past week, after skyrocketing earlier this year, according to the latest data from the American Automobile Association (AAA) on Aug. 22.
Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
Related Topics