UPDATED 10:42 AM PT – Monday October 3, 2022
As gas prices continue to surge, analysts at J.P. Morgan Chase Bank have announced that America and its allies are facing a man-made energy crisis.
In a recent report, JP Morgan said oil prices could go well above $100 per barrel. This would result in further increases in U.S. gas prices and broader fuel costs.
The Brent Crude oil price is currently $85 per barrel. In California, gas is near $7 dollars per gallon.
JP Morgan predicts that the worst is yet to come.