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Natural Gas May 27 (NGK27.NYM)
- Yahoo Finance Video
Oil prices have muted reaction to Israel, Iran conflict
Oil prices (BZ=F, CL=F) are on the move on Friday after Israel launched a retaliatory strike against Iran. In addition, national gas prices have begun to move higher with northeastern states potentially feeling more pain at the pump due to late adaptation of summer-blend gas. Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the price movements in oil and what consumers can expect moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
- Yahoo Finance Video
Gas prices are 'polarizing number' ahead of election: GasBuddy
As US gas prices continue their upward trajectory, the issue has become "a polarizing number," according to GasBuddy's Head of Petroleum Analysis Patrick De Haan. He joins Market Domination Overtime alongside Yahoo Finance's Rick Newman to discuss the underlying factors. De Haan notes that the average gas price has increased by over 60 cents from the January lows, and could reach $3.70 in the next couple of days as the summer season approaches. However, he believes prices are nearing "the potential end of the spring rally." Importantly, De Haan highlights the political significance of gas prices, particularly ahead of the upcoming election. If prices were to go above the $4 per gallon threshold, De Haan believes it could negatively impact President Biden's approval numbers, calling it a "danger zone" from a political standpoint. Furthermore, De Haan identifies fragmentation as one of the key drivers behind persistently higher gas prices. The fact that different regions use various gasoline blends, all under the control of various entities, creates an environment that "could use improvement" and contributes to the elevated prices seen across the country. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
- Yahoo Finance Video
Gas prices: What US drivers can expect at the pump
Gas prices have risen by a substantial 20 cents on a month-over-month basis, now sitting at an average of $3.66 per gallon nationwide. As the United States transitions into the summer season, several factors are expected to drive gas prices even higher in the coming weeks and months. Yahoo Finance's Ines Ferré breaks down the details, highlighting the areas that are likely to see the most significant price increases in the weeks ahead. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Angel Smith
