UBS Predicts Lower Gasoline Prices In The U.S. This Summer ...Middle East

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UBS Predicts Lower Gasoline Prices In The U.S. This Summer
UBS is forecasting stronger demand for gasoline year-on-year in the United States this summer, coupled with lower gas prices compared to the same period. The bank noted that consumer “resiliency” and a rise in travel for the coming Memorial Day weekend would boost demand but prices would be below the $4.34 per gallon average price from Memorial Day in 2022.  Prices at the pump in the U.S. saw a national average of $3.561 on Wednesday, according to the AAA, up slightly from $3.532 a week ago, but down some 20% from the year-ago…

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