Gas Prices To Spike Drastically
Oh-no!
America has now been warned by Goldman Sachs analysts that gasoline prices are now expected to spike back up to $4.35 cents per gallon by the end of the year.
What’s worse is that the analysts predicted that prices will continue to surge well into next year as well by risisng. to an average of $4.40.
According to the Washington Examiner, Goldman Sachs said in a report, “Our updated fundamental forecasts point to continued disappointments in supply, with demand instead supported by the still ongoing COVID reopening and gas-to-oil substitution.”
“This requires demand destruction on top of the ongoing economic slowdown, requiring high retail fuel prices to end the market deficit,” they added.
In June gas prices reached their record high of being $5 per gallon and sadly it looks like we’re headed back in that direction.
President Biden and Kamala Harris are desperately failing.
