Get ready for another week for high gas prices, falling stock markets and more inflation. Oil futures have topped $124 per barrel, in futures trader this Sunday before the market opens in Monday. The Asian stock markets are tanking, American stock futures are plunging, and Joe Biden is asleep in Delaware. If you thought gas was expensive now, you haven’t seen anything yet. As of today, the national average for a gallon of gas is $4.01 per gallon. By the end of this weak, they may be cheap as gas prices are expected to hit all time record highs later this week.
BREAKING: Oil prices surge to 13-year high at the open of trading amid Russia-Ukraine war; stock futures drop around 1% https://t.co/9Jv1ArhFHR pic.twitter.com/Aa0iiKrElv
— CNBC Now (@CNBCnow) March 6, 2022
California is paying over $7 per gallon in some places like Los Angeles. You’d better gas up now because it looks like oil is going no where but up this week again. Thanks Joe!