Three Reasons Gas Prices Are Likely To Remain Elevated

Three Reasons Gas Prices Are Likely To Remain Elevated The US national average for regular 87-octane gasoline remained uncomfortably above the politically sensitive $4-per-gallon threshold for roughly two and a half months. That stretch pressured lower-income consumers, forcing many to trade down or cut discretionary spending while weighing on broader consumer sentiment. The key question now is whether pump prices have further room to fall or whether current levels will become the new normal this summer. Answering that question is Goldman's leading commodity expert Daan Struyven, who penned a note...