From $4 per gallon-plus at the pump to crude prices soaring to $100 per barrel, our own Tom Kloza predicts record-high prices across the #fuel supply chain in this op-ed piece for CNN Business. Factors at play that could cause #gasoline prices to spike in 2022 include:
-- the switch to more expensive blended summer gas as spring driving demand ramps up
-- constrained supply from fewer #refineries in operation, due to being repurposed or closing completely
Read Tom’s analysis for the full perspective.
If Omicron doesn't result in another round of widespread lockdowns or crackdowns on social gatherings, we can expect to see record-high gas prices nearing $4 a gallon in dozens of states this year.