Bullish Bets On Gasoline Reach Four-Year High menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The latest surge in gasoline prices at the pump, something we detailed last week (read: here), could begin to impact the Biden administration's reelection outlook unless the White House unleashes market interventions to arrest surging prices and prevent .
Rising gasoline futures and pump prices near the politically sensitive $4/gallon level prompt concerns for the Biden administration s reelection, with potential market interventions and geopolitical tensions exacerbating the energy crisis.
U.S. oil prices surpass $80 a barrel, raising concerns for the Federal Reserve and the White House, with pump prices expected to reach $4 a gallon, driven by various supply issues and geopolitical tensions.