“Unfortunately, pump prices tend to adjust much faster on the way up than on the way down, so it will take a few weeks for the final move to seep into what you see at the station,” Sharif said. “Yet, if things remain as they are now, the national average should be back below $4 per gallon next month (around mid-April) and closer to $3.80-$3.85 per gallon by the end of April.” .”

This post Biden calls for gas price hike again

was original published at “https://www.bloombergquint.com/business/deja-vu-for-oil-markets-as-biden-calls-out-surge-in-pump-prices”