Analysts at a top U.S. bank are warning that nationwide gas prices could skyrocket from their current $4.589 average per gallon to more than $6 per gallon by the end of summer.
Natasha Kaneva, head of global oil and commodities research at JPMorgan, wrote in a research document that the U.S. was in for a “cruel summer” as gas prices were expected to continue smashing records.
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