(NAFB) The first five months of 2022 have been a challenging time for consumers of gasoline and diesel, with prices rising dramatically between January 1st and now.
And fuel prices could be moving higher in the coming weeks, with West Texas Crude trading higher to start the week.
Much of that increase is thanks to China lifting many of its COVID lockdown requirements.
Patrick De Haan with GasBuddy says 2022 has been a crazy year so far, and he expects American consumers to face additional surprises as we now move into the summer drive season.
Some have feared the increasing COVID cases in the U.S. and elsewhere could force the global economy to stall yet again.
De Haan does not expect any such increase to impact the oil market and the overall economy the way earlier upticks did…tape
That’s Patrick De Haan of GasBuddy.
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Submitted by Micheal Clements on Wed, 06/01/2022 – 11:34
Source: FBRD (Farm Broadcaster)
Audio provided by Glenn Vaagen, PNW Ag Network, Pasco, Washington
Audio with GasBuddy’s Patrick De Haan
Saturday Morning News
