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Gas prices could go above $6 per gallon nationwide by August, according to JPMorgan analysts.
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Given that 59% of gas prices come from the cost of crude, a 22% decline in oil should've translated to a 13% dip at the pump — but that didn't happen.
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Today, JPMorgan Chase is priced at 2.41x its tangible book value. While the bank is undoubtedly worth a premium price tag compared to peers, it has opened up quite a wide gap.
Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States.
U.S. motorists could see gasoline prices fall below $3.00 a gallon in the coming weeks after crude futures posted their steepest losses since April 2020 on Friday as a new coronavirus variant ...
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