JPMorgan Warns U.S. Gasoline Could Hit $5 Per Gallon as Refineries Prioritize Jet Fuel

GateNews

According to JPMorgan Chase analysts on May 8, U.S. gasoline prices are “entirely possible” to rise to $5 per gallon as refineries prioritize aviation fuel production at the expense of other petroleum products. The current price has already reached $4.55 per gallon. Analysts noted that refineries are maximizing jet fuel output due to energy crisis impacts, typically resulting in reduced diesel production, with spillover effects on gasoline supply. The report suggests that if refinery operations remain constrained by limited crude oil supply, fuel prices could become a primary transmission channel for demand destruction, with crude potentially stabilizing near $100 per barrel.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments