When Gas Prices Will Fall
Americans weren’t expecting this.
As inflation continues to tear through the American middle class, people are desperate to know when gasoline prices will finally begin to come down.
Many experts have already sounded the alarm on a possible recession that President Biden’s massive economic spending and the Russia-Ukraine conflict has caused and now principal of The Schork Group Stephen Schork has just weighed in.
According to Fox, Schork has admitted that energy prices will come down sadly however it will be because of a recession.
“Energy prices are going to fall. The bad news is they’re going to fall because of recession,” Schork admitted.
Schork added, “Consumer incomes are falling. They’ve fallen 13 out of the last 14 months as a result of this runaway inflation. That can only translate down the road into an economic downturn sooner… 6 to 12 months, rather than later, 18 to 24 months.”
“If we sneeze, the rest of the world catches a cold… So if we’re going into recession… Europe and China are certainly going into recession… The economic slowdown is coming, but inflation is not falling fast enough,” he added.
